Couldn’t quite read everything, the writing is very light. But from what I could read, it was correct for the most part. :)
0.4x 0.4x 0.4 = (0.4)^3
Exponential form = (0.4)^3
Answer:0
the answer is 5
Step-by-step explanation:
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
