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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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lions [1.4K]
20 percent of 40 is 8. As a fraction that would be 8/1.

Hope this helps
6 0
3 years ago
The answer is: x is choose your answer
katrin2010 [14]

Answer:

All real numbers

Let's find the critical points of the inequality.

−4x+7=17

−4x+7+−7=17+−7(Add -7 to both sides)

−4x=10

−4x−1=10−1

(Divide both sides by -1)

4x=−10

4x=−10(Solve Exponent)

log(4x)=log(−10)(Take log of both sides)

x*(log(4))=log(−10)

x=log(−10)log(4)

x=NaN

3 0
3 years ago
What goes in the green box and what is 6 * 28 ​
Y_Kistochka [10]
6*28= 168
You put 168 in the green box
7 0
3 years ago
Simplify (34)−1.
elena55 [62]

The simplified form of the expression; (3/4)-¹ as given in the task content is; 4/3.

<h3>What is the simplified form of the expression as given in the task content?</h3>

It follows from the task content that the expression in discuss can be simplified as follows by the laws of indices;

(3/4)-¹

Hence, due to negative exponent, the result is;

= 1 ÷ (3/4)¹

= 1 × (4/3)

= 4/3.

Read more on indices;

brainly.com/question/170984

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6 0
1 year ago
At a train station, freight trains depart at a rate of 2 trains every 30 minutes and passenger trains depart at a rate of 1 trai
never [62]
In my work I used t=trains and m=minutes:
30+30= 60m/2t
<span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
</span><span>30+30= 60m/2t
Total= 720m/24t

1:30+1:30+1:30+1:30+1:30+1:30+1:30+1:30+1:30+1:30+1:30+1:30= 4 o' clock
Total= 372m/12t

24t+12t= 36t

The answer is:
36 trains in total</span>
6 0
3 years ago
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