Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life. What would be the present value of this loan if it carried a 10 percent interest rate?

Answers

Answer 1

Answer:

$919.98

Step-by-step explanation:

To solve using a financial calculator do

N=8

I/Y=10

PMT=85

FV=1000

CMPT PV get 919.98

To do by hand find the present value of the interst payments

85*(1-(1/1.1)^8)

which is 453.4687

Find the present value of the final ballon payment

1000*(1/1.1)^8

which is 466.507

take the sum

466.507+453.4678= 919.98


Related Questions

PLEASE HELP
On the graph below, Point A is located at the intersection of angle θ and the unit circle.
What are the exact coordinates of point A?

Use the on-screen keyboard to type the answer in the box below.

https://imgur.com/a/UwbnsCV

Answers

Answer:

  1/2,

Step-by-step explanation: Please find the attached image of unit circle.

We have been given that the measure of angle t is 60 degrees. We are asked to find the x-coordinate of the point where the terminal side intersects the unit circle.

We know that x-coordinate on unit circle represents cosine and y-coordinate represents sine of a given angle.

We can see from our attachment that x-coordinate of the point at angle 60 degrees is , therefore, x-coordinate of the angle of 60 degrees, where the terminal side intersects the unit circle is .  

Two fair 6-sided dice are rolled one at a time. Find the probability that
the first die lands on a value greater than 4 and the second die lands
on 2.

Answers

Answer:

Step-by-step explanation:

What is the volume of a cube that has a side of 4 units?

Answers

Answer: 64units³

Step-by-step explanation:

The volume of a cube will be gotten by multiplying the value of its side thrice. This means that for example if the cube has a side of xcm, the volume will be:

= x × x × x

= x³

In this case, since the cube has a side of 4 units, the volume will be:

Volume of cube = 4³

Volume of cube = 4 × 4 × 4 = 64unit³

Two gamblers, call them Gambler A and Gambler B flip a coin repeatedly. The coin is unfair and comes up heads 2/3 of the time. Gambler A wins one dollar from Gambler B, when a head is tossed. Conversely Gambler B wins one dollar from Gambler A when a tail is tossed. The coin tosses are independent. The game ends when one of the gamblers runs out of money. There are 5 dollars in the pot. Determine the probability that Gambler A wins the game if he starts with I dollars. Here I

Answers

Answer:

≈ 0.52

Step-by-step explanation:

P( head ) = 2/3 , P( tail ) = 1/3

when a head is tossed ; Gambler A wins $1

when a tail is tossed : Gambler B wins $1

Determine the P( Gambler A wins the game ) if he starts with I dollars

Assuming I = $1

n = 5

p ( head ) = P( winning ) = 0.66

p( losing ) = 0.33

applying the conditional probability in Markov which is ;

Pₓ = pPₓ₊₁ + (1 - p) Pₓ₋₁

P( 1) = 0.66P₂ + 0.33P₀

resolving the above using with Markov probability

P( 1 ) = 0.51613

hence the probability of Gambler A winning the game if he starts with $1

≈ 0.52

whats 7 times 8 divided by 2 i think the answer s 6 am i right or ring please tell me

Answers

Answer:

28

Step-by-step explanation:

First,

7 times 8 = 7 × 8 = 56

Then,

The product divided by 2 = 56 ÷ 2 = 28

Hence,

The required answer is 28

Alex is making a blanket for her nephew. The blanket has a length of 5 ft and a width of 4 ft. She is going to sew ribbon edging around the perimeter of the blanket. The edging costs $3 per yard. How much will it cost for Alex to get the amount of ribbon edging that she needs? Help Resa 5 ft Skip 4 ft 4 ft 5 ft HINT: There are 3 feet in one yard.​

Answers

She will need 6 yards. the permiter is 16 which 5 wouldnt be enough

A theater sold 465 tickets for the morning show and 576 tickets for the evening show. The theater makes $16 for each ticket sold. How much money did the theater make selling tickets for the morning show? ANSWE QUICKKK

Answers

465+576=1,041
1,041x16=16,656

16,656
Hope this helps :D

What is the sum? Complete the equation.
8+(-18) =

Answers

8+(-18) = -10

I’m pretty sure that’s the answer of the equation

The Unit Circle

Determine the coordinates of the point on the unit circle corresponding to the given central angle. If necessary, round your results to the nearest hundredth.
29°

a. (0.87, 0)
b. (0.87, 0.48)
c. (0.48, 0.87)
d. (1, 0.48)

Please select the best answer from the choices provided

Answers

Answer:

B. (0.87, 0.48)

Step-by-step explanation:

I calculated it logically

Multiply 4/5 by 10 ​, and then multiply that product by 17 .

Answers

Answer:

your answer is 406.

Step-by-step explanation:

4/5 x 10 will equal to 8. 8 times 17 equals 406.

What will be the coordinates of the image after a translation up 4 units and right 6 units

Answers

Answer:

B

Step-by-step explanation:

To find the answer, translate each point and then use the process of elimination.

For the first point, the coordinates are (-4, -2). The -4 is x and the -2 is y. Translations up and down relate to the y value, while translations left and right relate to x. To translate up 4 units, add 4 to the y value of the coordinate. -2 + 4 is 2, so the y coordinate of the first point will be 2. That eliminated A and D.

For the second point, translate up 4 units (-5 + 4) and you get -1. So the y value of the second point will be -1. In option C, it is positive 1. So that leaves only B.

In London today, twice the low temperature was less than three times
the low temperature minus ten. In interval form, what are the possible
temperatures?

Answers

I need more information

Angles of Triangles Scavenger Hunt Answer Key

Answers

I think every one appreciates it , lol but thank you kiddo

How many tenths are in 8.32?

Answers

Answer:

3 tenths

Step-by-step explanation:

Pls help I’ll brainlest and add extra points asap

Answers

1 is E
2 is G
3 is i
4 is J
5 is H
6 is F
7 is A
Sorry I don’t know the rest

Step-by-step explanation:

1. E

2. G

3. I

4. J

5. H

6. F

7. A

8. D

9. B

10. C

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