You first need to make sure the denominators are equal, then when they are, you can add/subtract the numerators. Then you can place the result over the common denominator.
I hope this helps! :)
Answer:
y approaches negative infinty
Step-by-step explanation:
ok whats the question tell
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
I believe the answer would be 8
