Acompany is offering to pay a stadium $750,000 per year for naming rights. if the administrative costs for this sponsorship are $63,000, what are the costs as a percentage of the revenue for the stadium-naming sponsorship? (round to the nearest percent.)

a. the residual plot for model 1 has a random pattern and is a good fit for the data.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.