The present value of an annuity is given by

where: PV is the current value of the annuity, P is the periodic payment, r is the apr, t is the number of compounding in one year and n is the number of years.
Thus, given that PV = $51,800; r = 7.8% = 0.078; t = 12; n = 4.

Therefore, the <span>monthly payment is $1,259.73</span>
Answer:
George Washington :)
Step-by-step explanation:
Answer:
Johan can make 8000 different outfits.
Step-by-step explanation:
Johan needs to pick one of each (shirt, pants, socks and shoes) to make a outfit. The number of socks he has is 20 pairs, so he has 20 possibilities for socks. In the same way, the number of possibilities for shoes is 5, for pants is 10 and for shirts is 8.
So, to find the number of outfits he can make, we need to multiply all the possibilities for each case, so:
Number of different outfits = 20 * 5 * 10 * 8 = 8000.
Answer:
x = 5
Step-by-step explanation:
set JN and NL equal to each other...
14x – 17 = 3x + 38
11x = 55
x = 5
Answer:
You can buy 6 tickets.
Step-by-step explanation:
21.8 + 26.6 = 48.4
48.4 x 2.50 = 121
121 / 17.50 = 6.914
Since we can't round here because it's items you're buying, we round down to the nearest flat number, which in this case is 6.