Answer:
5/(3x+2) = 7/(5x-2)
<=>5*(5x-2) = 7*(3x+2) (x is not equal to -3/2 or 2/5)
<=> 25x -10 = 21x +14 (x is not equal to -3/2 or 2/5)
<=> 4x = 24 (x is not equal to -3/2 or 2/5)
<=> x = 6 (valid)
Answer:
24,27,30 and 33 and so on
Step-by-step explanation:
The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
