First find the amount at the end of the deferment period using the formula of the future value of a compound interest
A=8,960×(1+0.2735÷12)^(6)
A=10,257.25
Use the amount we found as the present value to find the monthly payment by using the formula of the present value of an annuity ordinary to get
PMT=10,257.25÷((1−(1+0.2735
÷12)^(−12×6))÷(0.2735÷12))
=291.27 ....Answer
Answer:
1 1/3
Step-by-step explanation:
2(8/12)=16/12=1 4/12=1 1/3
Answer:
The first table
Step-by-step explanation: The x values don't repeat which makes it a function