First turn the fractions to decimals 1/3=.33 1/5=.2 Then multiply 8.33 x 1.2=9.996
The amortization formua I'm familiar with assumes payments are made at the end of the period, so we'll use it for the part after the first payment has already been made.
.. A = 4,000
.. P = 500,000 -4000 = 496,000
.. i = 0.06
.. n = 12
.. t = to be determined
And the formula is
.. A = Pi/(n(1 -(1 +i/n)^(-nt))) . . . . . amortization formula with payments at the end of the period
.. 1 -(1 +i/n)^(-nt) = Pi/(An) . . . . . . rearrange to get "t" factor in numerator
.. 1 -Pi/(An) = (1 +i/n)^(-nt) . . . . . . get "t" factor by itself
.. log(1 -Pi/(An)) = -nt*log(1 +i/n) . . . . use logarithms to make the exponential equation into a linear equation
.. log(1 -Pi/(An))/(-n*log(1 +i/n)) = t . . . . divide by the coefficient of t
.. t = 16.1667 . . . . . years (after the first monthly withdrawal)
The plan will support withdrawals for 16 years and 3 months (195 payments).
Answer:
Step-by-step explanation:
The area is the product of two dimensions.
If the ratio of sides is k, then the ratio of areas is k²
<u>We have:</u>
- k² = 200/8
- k² = 25
- k = √25
- k = 5
Correct choice is C
Answer:
Add 6x to both sides.
y + 6x = -5
Reorder the left side so that the x term is first.
6x + y = -5
:)
Answer:
1st question = 27 degrees
Step-by-step explanation:
Angles in a circle add up to 360 degrees
2x +21 +5x + 6+ 90+ 54 = 360
7x + 171 = 360
7x = 189
x = 27 degrees
