Answer:
110 bonus payments
Step-by-step explanation:
Yearly salary is 20,000. So in 6 years, she will get:
20,000 * 6 = 120,000
Her agent's expectation is 1,000,000 and her salary would cover 120,000
So remaining is 1,000,000 - 120,000 = 880,000
This amount will be taken from bonus payments where bonus is 8000 for every game that attracts 100+ fans. SO we divide 880,000 by 8000 to get the number of bonus payments.
880,000/8000 = 110
The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
3:15pm hope this helps bff
Where is the graph but in this case the y intercept would be -2 and you slope is 6 so go up 6 and to the right one and go down six and to the left one and thats what the graph should look like
