The formula of the present value of an annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 280000
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12
N time 20 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=280,000÷((1−(1+0.06÷12)^(
−12×20))÷(0.06÷12))
=2,006.01
Answer:
Step-by-step explanation:
Composite numbers are positive numbers that have factors, This means that they are divisible by numbers other than 1 and itself provided that number is a factor of the composite number. They possess at the bearest minimum level, a divisor other than 1 and itself. They are a natural number that is expressible as the product of two(or more) numbers other than 1 and itself.
For example:
4 is a composite number because its factors are 1, 2 and 4 which have another divisor apart from 1 and itself (4). That divisor is 2.
We all know that prime numbers are numbers that can be only be divided by 1 and itself.
Therefore, the sum of two composite number, for example:
4 + 6 = 10, We can now see that 10 is never a prime number.
Answer:
5.50 Each
Step-by-step explanation:
