Answer:
A TEACH GRANT
Step-by-step explanation:
It stands for Teacher Education Assistance for College and Higher Education
We are given with two current costs : $3,450 for tables and $3,950 for chairs .The total cost then is equal to $7,400. This is said to be 4% more than he spent last year. so last year's expenses should be <span> $7,400 / 1.04 equal to $7115.39. The cost last year is expected to be less</span>
Make the fractions improper to multiply.2 1/5 becomes 11/5 and 1 3/4 becomes 7/4. multiply the numerators then multiply the denominators. you get 77/20, which is simplest form. don't let teachers feed you that bs about it having to be a mixed number. an improper fraction is way more useful.
Total = 500 * ([(1 + .07)^26 -1] / .07) -500
Total = 500 * (<span><span>4.8073529249
</span>
/ .07) -500
</span>Total = 500 * (<span>68.6764703562) -500
</span>Total =
<span>
<span>
<span>
33,838.24
</span></span>
Source:
http://www.1728.org/annuity.htm
</span>