Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Thank you for posting you question here at brainly. I hope the answer will help you. The <span> practical domain and the practical range for this situation is below:
</span>D: [5, 7]
<span>R: [58, 81.2]
</span>
Feel free to ask more questions here at brainly. I'd be happy to answer.
Answer:
I attached pictures of the two graphs, I hope they help!
Step-by-step explanation:
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tipical question dear I can't help you sorry
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dear take care of your self<em> </em>Step-by-step explanation:
