Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
Answer:
Constant Term
The term in a simplified algebraic expression or equation which contains no variable(s). If there is no such term, the constant term is 0.
Example: –5 is the constant term in p(x) = 2x3 – 4x2 + 9x – 5
Answer:
Part A) The proportional equation is
Part B) 8 hours of training
Step-by-step explanation:
we know that
A relationship between two variables, x, and y, represent a proportional variation if it can be expressed in the form
or
Let
c -----> the cost to hire a dog
h ----> the amount of time in hours
The linear equation is equal to
Sue spent $660 on 12 hours of obedience training for her dog Muffin
Find the value of k (constant of proportionality)

substitute the values

therefore
The linear equation is
For 
Find the value of h
substitute in the equation and solve for h