The value of an antique vase is $200 and is increasing at a rate of 8%
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Answer:
Step-by-step explanation:
Please kindly go through the attached file for a step by step approach to the question.
Answer:
<h2>For 6 weeks, the height will be 15 inches</h2>Step-by-step explanation:
Step one:
given data
the initial height of plant= 3inches
growth in inches per week =2inches per wee
Step two:
for x number of weeks, the height is expressed as
With the given growth function, we can estimate the height of the plant after any number of weeks, say x=6, that is 6 weeks, the height will be
substitute x=6 in the growth function
We can calculate it by PVOA table.
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
(PVOA factor PVOA table)
So present value is $1558.2
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
So present value is $1558.2