How much will Kingston Technologies have to pay each year in eight equal payments, starting 2 years from now, to repay a $900,000 loan? The interest rate is 8% per year.

What will be an ideal response?


A = 900,000(F/P,8%,1)(A/P,8%,8)
= 900,000(1.08)(0.17401)
= $169,138

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Fill in the blank(s) with the appropriate word(s).

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Indicate whether the statement is true or false.

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A CAD drafter completes a certain job in 1/3 hour.  How many jobs of the same kind can be completed in 12 hours?

What will be an ideal response?

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What will be an ideal response?

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