2 years ago

14.

Mathematics

1 answer:

eduard2 years ago

7 0

Answer: C: y=1.15x + 10.95

Step-by-step explanation:

look it up

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Step-by-step explanation:

Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate and she gets a loan payoff of 60 months,

We know that,

$\text{PV of annuity}=P\left[\dfrac{1-(1+r)^{-n}}{r}\right]$

Where,

PV = Present value of annuity = 25000,

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Putting the values,

$\Rightarrow 25000=P\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]$

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