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LekaFEV [45]
2 years ago
8

Math question help me

Mathematics
1 answer:
Rufina [12.5K]2 years ago
5 0

Answer:

the 4th one

Step-by-step explanation:

i'm pretty sure that's right

 

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Joan Messineo borrowed ​$47,000 at a 5​% annual rate of interest to be repaid over 3 years. The loan is amortized into three​ eq
tester [92]

Answer:

a) The value of the Annual Payment is A=$17,258.80

b) Is the picture in the attachment file

c) As you can see it in the picture with each payment, balance comes down, due it is the interest base, Interest portion comes down too.

Step-by-step explanation:

Hi

a) First of all, we are going to list the Knowns: VP=47000, i=5% and n=3, Then we can use A=\frac{VP}{\frac{1-(1+i)^{-n} }{i} } =\frac{47000}{\frac{1-(1+0.05)^{-3} }{0.03} }=17258.80. So this is the value of the Annual Payment

6 0
2 years ago
Robert buys a new pair of boots for 120 dollars. Sales tax is
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Step-by-step explanation: To simply find the sales tax all you have to do is:

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Step 2 Add: 120 + 13.2 = 132.2

So Robert actually has to pay $133.20

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2 years ago
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