The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
Answer:
8x² - 7x + 7
General Formulas and Concepts:
<u>Pre-Algebra</u>
<u>Algebra I</u>
Step-by-step explanation:
<u>Step 1: Define</u>
(6x² - 4x + 2) - (-2x² + 3x - 5)
<u>Step 2: Simplify</u>
- Distribute negative: 6x² - 4x + 2 + 2x² - 3x + 5
- Combine like terms (x²): 8x² - 4x + 2 - 3x + 5
- Combine like terms (x): 8x² - 7x + 2 + 5
- Combine like terms (Z): 8x² - 7x + 7
Answer: x=1/2
Step-by-step explanation:
y= - 4x + 2
X=1/2
Answer:
yes
Step-by-step explanation:
A number or an integer that divides 8 exactly without leaving a remainder, then the number is a factor of 8. As the number 8 is an even composite number, it has more than two factors. Thus, the factors of 8 are 1, 2, 4 and 8.
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