Hi there!
There is an initial cost of $210,000 (which you're just going to pay once)
Then it costs $500 per day to operate.
The number of days is represented by "x".
Your equation in function notation should look like this :
f(x) = 500x + 210,000
There you go! I really hope this helped, if there's anything just let me know! :)
(-2)⁵................ => (-2)(-2)(-2)(-2)(-2)...........=> -32.
recall, minus times minus is plus, and minus times plus is minus.
The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
First use distributive property. Then isolate the variable and get x=2.
