Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Answer:
complementry. x=60
Step-by-step explanation:
Answer:
y = -
x + 10
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mc + c ( m is the slope and c the y- intercept )
Here m = -
and crosses the y- axis at (0, 10 ) ⇒ c = 10
y = -
x + 10 ← equation of line
Answer:
D
Step-by-step explanation:
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Answer:
y = 15x + 30
Step-by-step explanation:
The $30 rental fee is a flat fee.
The $15 per day can be noted as 15x.
y = 15x + 30