The formula of the present value of an annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 280000
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12
N time 20 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=280,000÷((1−(1+0.06÷12)^(
−12×20))÷(0.06÷12))
=2,006.01
Answer:
21,600
Step-by-step explanation:
Answer:
35
Step-by-step explanation:
Given that a fast food restaurant has the following options for toppings on their hamburgers: mustard, ketchup, mayo, onions, pickles, lettuce, and tomato.
A customer can choose from these 7 options 4 different options in 7C4 ways
This is because order does not matter here
So we use combinations here
Total no of ways a customer choose four different toppings from these
options=7C4
=35
Answer is 35
