Step-by-step explanation:
tvf-fmvg-bwn
come to this m*eet link
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
The answer would be 45. Thank you very much and good luck on there!
Answer:
im pretty sure the answer would be 40m
Step-by-step explanation:
Let x = amount of sales (in dollars)
The salary is $400 and there's an additional 0.06x dollars added on to get to the goal of 790. The equation is therefore
<span>400+0.06x = 790
</span>
Let's solve for x
400+0.06x = 790
<span>400+0.06x-400 = 790-400
</span>0.06x = 390
0.06x/0.06 = 390/0.06
x = 6500
The final answer is 6500
This means he must have $6,500 in sales.
