Your answer is $30,000.
The way I have answered this is quite strange, but I'll do my best to explain it. So because we know that $30,900 is 3% than last year, we can call it 103%. This allows us to form a ratio and therefore find 100%.
30,900 : 103
÷ 103
300 : 1
× 100
30,000 : 100
Which means $30,000 is 100%, or 3% less than $30,900. I hope this helps! Let me know if it was confusing or anything :)
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:
c. 5 - 17
Step-by-step explanation:
a. -15 - 3 = -18
b. -3 - (-9) = 6
c. 5 - 17 = -12
d. -6 - (-6) = 0
This is a function when u have f(n) u plug in the number for example 1 because the number -13 is the first number in the sequence
