Step-by-step explanation:
4x+9y=28
-4x-y=-28
8y=0
divide both side by 8
y=0
solve for X in equation 1
4(X)-9(0)=28
4x-0=28
4x =28
divide both side by 4
4x/4=28/4
X= 7
y=0,x=7
I think the answer is the one in the bottom right.
Answer:
Time = T half–years , Rate = 5 % per half year
2
The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50