The solution to the problem is as follows:
let
R = $619.15 periodic payment
i = 0.0676/12 the rate per month
n = 48 periods
S = the future value of an ordinary annuity
S = R[((1 + i)^n - 1)/i]
S = 619.15*[(1 + 0.0676/12)^48 - 1)/(0.0676/12)]
S = $34,015.99
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Answer: 23
Step-by-step explanation: a P e X
Answer:
SA = 748π in²
General Formulas and Concepts:
<u>Symbols</u>
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
<u>Geometry</u>
Surface Area of a Cylinder Formula: SA = 2πrh + 2πr²
- <em>r</em> is radius
- <em>h</em> is height
Step-by-step explanation:
<u>Step 1: Define</u>
<em>Identify variables</em>
<em>r</em> = 11 in
<em>h</em> = 23 in
<u>Step 2: Find Surface Area</u>
- Substitute in variables [Surface Area of a Cylinder Formula]: SA = 2π(11 in)(23 in) + 2π(11 in)²
- Evaluate exponents: SA = 2π(11 in)(23 in) + 2π(121 in²)
- Multiply: SA = 506π in² + 242π in²
- Add: SA = 748π in²
ab + ac + ad is the same as a(b + c + d) according to the distributive property
Answer:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.