First you need to simplify it so
5 7/8 = 5x8=40 40+7=47 so at the moment you have 47/8
then do
11/4 is fine so find the common denominator
in this case its 8 so 4x2=8 and then 11x2=22 so you have 47/8-22/8
which = 25/8 then you simplify and you get <em><u>3 1/8</u></em>
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:
x=14
Step-by-step explanation:
Answer:
Which are the options dude
