Answer: $249,300
Step-by-step explanation:
The exact formula would be if I think this is right
PV = PMT(1-(1+r)^-n)/r with r & n adjusted for periodicity
= 1400(1-(1+.054/12)^-360)/(.054/12)
= $249,318.47
which you can round off to, say, $249,300 <------
note:
counterchechecked with a financial calculator
Answer:
Solution (7,1)
Step-by-step explanation:
Use the elimination method
x + y=8
x - y=6
--------------Add
2x = 14
x = 7
Substitute x = 7 into x + y=8
7 + y=8
y = 8 - 7
y = 1
Solution (7,1)
The first thing we will do for this case is to define the following variable:
x = real number.
We then have the following sentence:
"Five more than the product of a number and 9 is equal to 6"
The equation sought is:
9x + 5 = 6
Answer:
An equation for the sentence is:
9x + 5 = 6
Answer: The probability is 0.5136.
To find this probability we have to find the range of the values on the normal distribution table.
First, we need to find the percent for each making z-score.
Lower end: 50/24 = 2.08 = 0.0183
Upper end: 2/24 = 0.08 = 0.5319
Now, that we have the upper and lower ends, we can subtract them to find the difference or the range.
0.5319 - 0.0183 = 0.5136
There is a 51.36% chance they are in the given range.