Answer:
150
Step-by-step explanation:
$600/$4 =150
=150 installments
Answer:
6 paper towel rolls
Step-by-step explanation:
If she uses 1/2 of a paper towel roll each week and there are twelve weeks, divide the number of weeks by the number of paper towel rolls she uses.
Answer:
- <u>The rate of return is 8.15%</u>
- <u>This is a good investment</u>
<u></u>
Explanation:
For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.
The formula that returns the present value of a constant payment is called the annuity formula and is:
In your problem you know:
- Present value: $100,000
- payment: $15,000
- r: ?
- t: 10
You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.
Try 5%:
Then, the rate of return is greater than 5%. After several trials you will find that the rate of return is 8.15%.
Since this rate is higher than 8%, which is what the company requires, this is a good investment.
Answer:
B.
Step-by-step explanation:
Total number of students surveyed = 420
Of which only prefer rap.
So, the number of people who like rap is the product of the fraction of people who prefer rap and the total number of students.
The number of students that prefer rap is 105
So the equation is .
Answer:
Step-by-step explanation:
geometric progresion formula: