Answer:
3
Step-by-step explanation:
Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
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Answer:
25 minute
Step-by-step explanation:
Speed is the ratio of the total distance traveled to the total time taken to reach this distance. The formula for speed is:
Speed = total distance / total time taken
The total distance covered by the sloth = 60 ft, and the time taken = 5 minutes, hence:
Speed = total distance / total time taken
speed of the sloth = 60 ft / 5 minutes = 12 ft per minute.
We can calculate the time taken for the sloth to travel the length of the football field (i.e. 300 ft)
speed = distance / time
12 ft/minute = 300 ft / time
time = 300 ft / (12 ft/minute)
time = 25 minute
I would go with A. 0.06 but I am not 100% sure.
