Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
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Y = 3 will be a straight, horizontal line on 3. It will only touch the y-axis since there's no x. So, the X-Intercept doesn't exist, the Y-Intercept will be (0,3), and the slope of the line is 0.
Ok, let’s take it step by step.
In order to write an equation in slope intercept form, solve for y.
3x+4y=12
First, subtract 3x from both sides.
4y=-3x+12
Now, divide both sides by 4.
y=-3/4x+3.
So, 3x+4y=12 written in slope intercept form is y=-3/4x+3.
Answer:
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Step-by-step explanation:
