Answer:
845.6306
Step-by-step explanation:
Firstly this is annuity based
Let, investment at beginning of year = <em>x</em>
Then value at year 1 end = x + (8.2%
x)
Value at end of year 2 = (x + 0.082x) + (8.2%
(x + 0.082x))
Now this value = $990
Therefore,
990 = (x + 0.082x) + ((x + 0.082x)
8.2%)
990 = x + 0.082x + 0.082x + 0.006724x = 1.170724x
x = 990/1.170724 = 845.6306
Set 40 = 5x + 10
Subtract 10 on both sides, then divide 30 by 5
x = 6
Answer:
Brooklyn is more expensive
Step-by-step explanation:
Answer:
1.2
Step-by-step explanation:
1
=1.2