Answer:
$919.98
Step-by-step explanation:
To solve using a financial calculator do
N=8
I/Y=10
PMT=85
FV=1000
CMPT PV get 919.98
To do by hand find the present value of the interst payments
85*(1-(1/1.1)^8)
which is 453.4687
Find the present value of the final ballon payment
1000*(1/1.1)^8
which is 466.507
take the sum
466.507+453.4678= 919.98
(VUX) the slope is is on the x-axis
If it’s on the x-axis then it’s undefined
This an { } solution because the absolute value is always a positive number unless there is a negative sign in front of the brackets.
hope this helps :)
5 kg is more precise because if you said 5212 g, they will be trying to see what the precise answer is so if you say 5 kg that will save all of the work.
P.S.: its not 5212 g, its 5000 g. :)
