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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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3 years ago
HELP ME PLZZZZ!!!!!<br><br><br> It’s just 21 and 22
galina1969 [7]

Answer:

21) 12 cm

22) 5.9 cm

Step-by-step explanation:

21) The base is 10, and if the other two sides are congruent and the perimeter is 36, we can figure out with simple algebra that the sides are 13 cm long.

Half of 10 is 5, so we can use the pythagorean theorem.

5^2+x^2=13^2

Rearranging the variables we have 169-25=x^2

144=x^2

x can be plus or minus 12, but since negative length is impossible we find that x is positive 12 cm.

22) We want to use sine, because we have opposite and hypotenuse. A simple and easy way to memorize this is the SohCahToa method. If we have opposite (O) and hypotenuse (H) we have OH. Soh has the letters O and H, and the S means we should use sine.

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Plug this into a calculator or desmos scientific calculator to get a=5.9

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3 years ago
What property would you use to solve. X/5 = 3
OLEGan [10]

Answer:

Multiplication

Step-by-step explanation:

x/5 = 3

Multiply by 5

x = 15

5 0
2 years ago
The function F(c)=9/5c+32 ​
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Answer:

The formula is C=5/9(F-32).

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3n + 8 = 53<br> I don’t understand how to find the n
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Answer:

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Step-by-step explanation:

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divide both sides by 3 to solve for n to get n=15

3 0
3 years ago
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