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.
Answer:
F
Step-by-step explanation:
Hope this helps
17. Area of triangle: 1/2bh
1/2 * 12 * 15
1/2 * 180
=90 cm^2
18. Area of trapezoid: 1/2 h (b1 + b2)
1/2 * 8 ( 12 + 15.4)
4 * 27.4
= 109.6 cm^2
Answer:
A not rational number is called a irrational number btw. Anyway Some examples are √2 and pi.
