The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
Step-by-step explanation:
The average rate of change can be found by using the following formula
Since the interval goes from -7 to 2, we should find the y-values that correspond to x=-7 and x=2.
By inspection of the graph, we can clearly see that when x is -7, y is -7 as well and when x is 2, y is 5.
Now that we know this, we can simply plug these values into the formula!
Good luck!
So I think it’s D. So you’ll do 5 x 5 x 5 = 125 then x 2 = 250
Answer:
60inces
Step-by-step explanation:
6. The formula for slope is y=mx+b. Your B is 3, and your M is 6. B= Y intercept and M=Slope
