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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Answer:
√5, 2, −13/5,−2, −9/4
Step-by-step explanation:
You basically just Calculate all of the numbers and order them from greatest to least, that's it.
Answer:
4) overdraft fees
Step-by-step explanation:
if she now has a negative balance then she owes money to the couch store
Answer:
26.13 sale price discount 12.87
Step-by-step explanation:
I do not know how to explain it to where you will understand it but the sale price is 26.13 and the discount it 12.87
Hope that helps
<span>It might be helpful to remember that the definitions of R2 and R3 are not geometric at all. R2 is the set of all ordered pairs of real numbers, whereas R3 is the set of all ordered triples of real numbers. W is a subspace fo R3, and so it still consists of elements which are triples, not pairs.
The fact that R2 and W can be visualized with the same geometric picture, namely the xy plane, is one way to see in a concrete way the isomorphism which the second poster refered to.</span>
