Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. pv $8,000; i 0.01; pmt $400; n = ? (round up to the nearest integer.) n=

n = 22

Step-by-step explanation:

We will use the formula for the present value of an ordinary annuity :

where P = periodic payment

          r = rate per period

          n = number of periods

Given P = PMT = $400, P.V. = $8,000, i = 0.01, and we have to find n.

Now we put the values in the formula

After rearranging we have

= 1 - 0.2

= 0.8

Taking log on both sides

-n log 1.01 = log 0.8

= 22.4257

Therefore, n = 22

So there are total 22 payments

step-by-step explanation:

ok one would be money, and the other would be refreshments or something similar. if each bag of popcorn is 5.00 and each drink is half of that that means drinks are 2.50 the proper way to do that would to look and see how much of each you can buy without exceeding a limit of 30.00

35-60 students are taking math.