Answer:
in 5 years he will have to pay over $10000 he will have to pay almost $100k
Step-by-step explanation:
Answer:
Dalton didn't ride any kilometer farther since he keeps threading in the same path as that of his father.
Step-by-step explanation:
If Dalton's dad rode 1 kilometer north, 2 kilometers west 1 kilometer south and 2 kilometers east, then he has been moving in a rectangular path.
If Dalton rode in the same path 5times, then Dalton's has not move farther than his dad since he is still moving in the same rectangular path. He is only expending more energy.
Their final destination will still be the same for both of them no matter how many times Dalton keeps threading in the same path.
Answer:
I am pretty sure u got it right
Step-by-step explanation:
:)
Based on the information, Christian would have $5525.5 of annuity.
<h3>How to calculate the annuity?</h3>
According to given information, the number of coffees per week is 3 then, per month is 3x4 = 12
For 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 annuity.
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