Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
Answer:
Step-by-step explanation:
=5
Answer:
opposite angles in parralelograms are congruent
Step-by-step explanation:
So this translates to:
5e + 5n = 25.95
2e + 6n = 22.38
One way to solve that is to multiply the top equation by 2, and the bottom equation by 5:
10e + 10n = 51.90
10e + 30n = 111.90
Then subtract the top from the bottom to get:
20n = 60
and divide by 20 to get
n = 3
So you know that note paper costs $3. Substituting that into the top equation you get:
5e + 5*3 = 25.95 or
5e + 15 = 25.95
Subtracting 15 from both sides you get:
5e = 10.95
Dividing by 5 you get:
e = $2.19
Answer:
-_- i hate school
Step-by-step explanation:
