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
Answer:
f(5)=4
Step-by-step explanation:
f(5)=5_1=4
.....
Answer:
You can do these "in your head" like this:
50 dimes would be $5.00
Each quarter adds 15 cents.
10.25 - 55.00 = $5.25 added
Step-by-step explanation:
525/15 = 35 quarters
--> 15 dimes
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or,
d + q = 50
10d + 25q = 1025
etc
Answer:
-3.53553390593
Step-by-step explanation:
5(cos165-cos105)=-3.53553390593
There is no question and and therefore cannot be answered
