1 < or equal to - v
- 1 > or equal to v
Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 5500
PMT monthly payment?
R interest rate 0.115
K compounded monthly 12
N time 5years
Solve the formula for PMT
PMT=Pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
PMT=5,500÷((1−(1+0.115÷12)^(
−12×5))÷(0.115÷12))
=120.95
So the answer is C
Hope it helps!
Answer:
D or A
Step-by-step explanation:
Answer:
x= -3
x= -5
Step-by-step explanation:
x^2 + 8x + 15 = 0
find which 2 numbers when multiplied equal 15 and when added equal 8
they are 3 and 5
(x+3)(x+5)
x+3 =0
x+5=0
x= -3
x= -5
