Answer:
Future value of annuity (FV) = $13,782.12 (Approx)
Step-by-step explanation:
Given:
Periodic payment p = $500
Interest rate r = 13% = 13%/4 = 0.0325 (Quarterly)
Number of period n = 5 x 4 = 20 quarter
Find:
Future value of annuity (FV)
Computation:
![Future\ value\ of\ annuity\ (FV)=p[\frac{(1+r)^n-1}{r} ] \\\\Future\ value\ of\ annuity\ (FV)=500[\frac{(1+0.0325)^{20}-1}{0.0325} ] \\\\Future\ value\ of\ annuity\ (FV)=13,782.1219 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3Dp%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D500%5B%5Cfrac%7B%281%2B0.0325%29%5E%7B20%7D-1%7D%7B0.0325%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D13%2C782.1219%20%5C%5C%5C%5C)
Future value of annuity (FV) = $13,782.12 (Approx)
Answer:
f(4) = 0
Step-by-step explanation:
f(4) means what is the value of y when x = 4
Now x = 4 is on the x- axis, where y = 0, thus
f(4) = 0
If 7 people paid $3 per ride and road 5 times, it would be $21 dollars. You could do it 3×5=15+7=21
The formula is
I=prt
I interest earned?
P principle 1295
R interest rate 0.07
T time 180/365
I=1,295×0.07×(180÷365)
I=44.70
Answer:
Step-by-step explanation:
(6, 4)
x = 6 and y = 4
y > -1/2x + 7
Plug in the values to check if it is true.
4 > -1/2(6) + 7
4 > -3 + 7
4 > 4
This statement is false.
(6, 4) lies on the line.
