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

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

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

How many tenths are in 8.32?

Answers

Answer:

3 tenths

Step-by-step explanation:

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

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

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

Answers

8+(-18) = -10

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

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

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.

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 .  

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

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

Angles of Triangles Scavenger Hunt Answer Key

Answers

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

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

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 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.

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