find the periodic payment which will amount to a sum of $18000 if an interest rate 66% is compounded annually at the end of 88 consecutive years.
the periodic payment is $

$ 2898.55

Step-by-step explanation:

The formula to calculate the periodic payment on an annuity is given by :-

, where PV is the present value , r is the rate of interest and n is the time period.

Given : Present value : $18000

Rate of interest = 6%=0.06

Time period = 8 years

Then , the periodic payment will be :-

Hence, the periodic payment is $ 2898.55.

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98

part d

step-by-step explanation:

theresa talked her parents into getting sd cards for her phone and her brother’s phone. inserting an sd card into a phone gives it more storage. they both get 8-gigabyte sd cards. how many bits of storage come with each sd card? type your answer in both scientific and standard notation.