Help! Please Which one
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First set up the equation based on the description.
x + 16 = 3x
Use subtraction to get the "x"s on one side of the equation. You can next subtract <span> x from both sides.
16 = </span>
<span> x
Now you can multiply both sides of the equation by </span>
<span> to solve for x
x = 6</span>
Use subtraction to get the "x"s on one side of the equation. You can next subtract <span>
16 = </span>
Now you can multiply both sides of the equation by </span>
x = 6</span>
We can calculate it by PVOA table.
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
(PVOA factor PVOA table)
So present value is $1558.2
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
So present value is $1558.2