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
Well, there are two solutions.
Add both sides by 15.75 then from here, you can use quadratic formula.
So your answer should be x = -2.44949 or 2.44949.
"At most 12" means "the highest we can go is 12". Think of it as the ceiling. So x can equal 12 or it can be smaller. This means 
<h3>Answer: Choice A</h3>
Step-by-step explanation:
Determine whether a number is a solution to an equation.
Substitute the number for the variable in the equation.
Simplify the expressions on both sides of the equation.
Determine whether the resulting equation is true. If it is true, the number is a solution. If it is not true, the number is not a solution.
Hoped that helped:P
Since both sides have a -2 in then you can pull it out making the equation -2(3*4) which equals -2(12) so A is correct
