2 years ago

Find the first three terms of: 84-4n

1 answer:

6 0

Answer:

hope you like it

Step-by-step explanation:

brainliest me

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lawyer [7]

Answer:

p = $ 12521.82

Step-by-step explanation:

Interest Rate = 3.6 %, Compounding Frequency: Semi-Annual, Equivalent Annual Interest Rate $= [1+\frac{0.036}{2}]^(2) - 1 = 0.0363 or 3.63$ %

Number of Repayments is 11 with 10 being equal in magnitude and the last one being worth $ 270, the first repayment comes at the end of Year 2

Let $ p be the level payments that required. Therefore,

$100000 = p\times \frac{1}{0.0363} \times [1-\frac{1}{(1.0363)^{10}}] \times \frac{1}{(1.0363)} + \frac{270}{(1.0363)^{12}}$

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3 years ago