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igomit [66]
3 years ago
13

Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight

-year life. What would be the present value of this loan if it carried a 10 percent interest rate?
Mathematics
1 answer:
Alex3 years ago
3 0

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

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2 2/3 + 12 6/8 how do I work this
barxatty [35]

Answer:

\large\boxed{2\dfrac{2}{3}+12\dfrac{6}{8}=15\dfrac{5}{12}}

Step-by-step explanation:

2\dfrac{2}{3}+12\dfrac{6}{8}=2\dfrac{2}{3}+12\dfrac{6:2}{8:2}=2\dfrac{2}{3}+12\dfrac{3}{4}\\\\\text{Find}\ LCD:\\\\\text{List of multiples of 3:}\ 0,\ 3,\ 6,\ 9,\ \boxed{12},\ 15,\ ...\\\text{List of multiples of 4:}\ 0,\ 4,\ 8,\ \boxed{12},\ 16,\ ...\\\\12=3\cdot4\\\\\text{therefore}\\\\\dfrac{2}{3}=\dfrac{2\cdot4}{3\cdot4}=\dfrac{8}{12}\\\\\dfrac{3}{4}=\dfrac{3\cdot3}{4\cdot3}=\dfrac{9}{12}\\\\2\dfrac{2}{3}+12\dfrac{3}{4}=2\dfrac{8}{12}+12\dfrac{9}{12}=(2+12)+\dfrac{8+9}{12}=14+\dfrac{17}{12}\\\\=14+1\dfrac{5}{12}=15\dfrac{5}{12}

3 0
3 years ago
The point slope equation of a line is?
snow_tiger [21]

Answer:

\text{The point-slope equation of a line is:}

C.\ y-y_0=m(x-x_0)

m-\text{slope}\\\\(x_0,\ y_0)-\text{point on a line}

6 0
3 years ago
Which expressions are equivalent when m = 1 and m = 4?
s344n2d4d5 [400]

Answer:

expression 2

Step-by-step explanation:

<h2><u>Which expressions are equivalent when m = 1 and m = 4?</u></h2>

<h3><u>first expression:</u></h3>

5m -3 and 2m + 5 + m

when m = 1

5(1) - 3 = 2  and 2(1) + 5 + 1 = 8

and m = 4

5(4) -3 =23 and  2(4) + 5 + 4 = 17

<u>expression 1 IS</u><u> NOT EQUIVALENT</u><u> </u>

<h3><u>second expression  :</u></h3>

3 m + 4 and m + 4 + 2 m

when m = 1

3 (1) + 4 = 7 and 1 + 4 +2 (1) = 7

and m = 4

3 (4) + 4 = 16 and 4 + 4 +2 (4) = 16

expression 2 <u>IS  EQUIVALENT </u>

<h3><u>third expression :</u></h3>

2 m + 7 and 3 m - 3 + m

when m = 1

2(1) + 7 = 9 and 3(1) -3 + 1 = 1

and m = 4

2(4) + 7 = 15  and 3(4) -3 + 4 = 13

expression 3 IS <u>NOT EQUIVALENT</u>

<h3><u>fourth expression :</u></h3>

5 m + 3 and 4 m + 2 + 2 m

when m = 1

5(1)+ 3 = 8  and 4(1) + 2 +2(1) = 8

and m = 4

5(4)+ 3 = 23  and 4(4) + 2 +2(4) = 26

expression 4 is <u>NOT EQUIVALENT </u>

the expression that is <u><em>EXPRESSION 2 </em></u>

8 0
3 years ago
Read 2 more answers
after the holiday season, the average number of costumers per day at the game galaxy store decreased from 612 to 450. find the p
andrey2020 [161]
Simple, finding markdown, use these two formulas.

Markdown=Original-New
and
Percent Markdown= Markdown Amount/Original*100

So,

Markdown=612-450
M=162

Markdown%= 162/612*100
M%=0.2647*100
M%=26.5 (rounded)

Thus, there was a 26.5% decrease.
5 0
3 years ago
Give an example of a compound inequality that has no solution
Vladimir79 [104]
-3 < x < -8

There is no value of c that is greater than -3 AND less that -8
3 0
2 years ago
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