:)
The formula of the future value of annuity ordinary and solve for pmt
Pmt=58,000÷(((1+0.06÷2)^(2×2)
−1)÷(0.06÷2))=13,863.57
Hope it helps
Answer: 11/15
Step-by-step explanation:
Ok so what we need to find is 3 years of the simple interest so let’s get to it!
Ok so we found the principal price which is 250.00
And our rate is going to be 2.85%
A=P(1+rt)
Therefore the answer is going to be A=$271.38, therefore from the simple interest on a principal of $250.00 at a rate of 2.85% per year for 3 years is $271.38.