Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Theres 12 inches in a foot. So 12x8=96
Point Form:
(2, 4), (1, 1)
Equation Form:
x = 2, y = 4
x = 1, y = 1
Answer:
Step-by-step explanation:
Use the slope-intercept form to write the equation if the line of the graph given.
, where,
b = y-intercept, which is where the line cuts across the y-axis = 4.
m = slope = 
Substitute m = ⁴/3 and b = 4, into the slope-intercept formula to get the equation of the line:
Hi!
Divide 63 by 3. You will get 21. That is the boys age. His father’s age is 42. When combined their age is 63.
