I believe it's 1.8, but correct me if I'm wrong.
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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The number of people who downloaded the app in the first quarter is 351,875 people.
Those who downloaded in the second quarter are <span>101,949 fewer people than those in first quarter.
This means that:
number of people who downloaded in 2nd quarter = number of people who downloaded in 1st quarter - 101,949
number of people in 2nd quarter = 351,875 - 101,949 = 249,926 people
Therefore, the total number of people who downloaded the app can be calculated as follows:
Total number = </span>351,875 + 249,926 = 601,801 people
Rounding this number to the nearest hundred thousands, we can get the estimated number of people who downloaded the app as 600,000 people
You can use this website called
MathPapa.com
Three hundred million, ninety nine thousand, nine hundred ninety <span />
