Answer: $7787.99
Step-by-step explanation:
We know that the formula to find the periodic payment on an annuity is given by :-
, where PV is the present value , r is the rate of interest ( in decimal ) and n is the number of payments.
Given : Present value : $36000
Rate of interest = 8%=0.08
Time period = 6 years
Then , the periodic payment will be :-
Hence, the payment size is $7787.99.
Multiply the two numbers
206x20=4120
So all you need to do is subtract m from both sides.
Then you have your answer
m = 1
I hope this helps
-ayden
Answer:
ok
Step-by-step explanation:
The price changed by $42 over the course of seven weeks
