4 consecutive odd integers...
x, x + 2, x + 4, x + 6
(x) + (x + 2) + (x + 4) + (x + 6) = 232
4x + 12 = 232
4x = 232 - 12
4x = 220
x = 220/4
x = 55
x + 2 = 55 + 2 = 57
x + 4 = 55 + 4 = 59
x + 6 = 55 + 6 = 61
so ur numbers are : 55, 57, 59, 61
Use the coordinate geometry formula to solve. You'll definitely get the answer.
Answer:
FV= $70,887.15
Step-by-step explanation:
<u>First, we need to calculate the future value of the $130 deposit for 5 years:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit= $130
i= 0.08/12= 0.0067
n= 5*12= 60 months
FV= {130*[(1.0067^60) - 1]} / 0.0067
FV= $9,561.96
<u>Now, using the following formula, the future value of the investment after 25 years:</u>
<u />
FV= PV*(1 + i)^n
n= 25*12= 300
FV= 9,561.96*(1.0067^300)
FV= $70,887.15
A = P(1 +rt) where A is the total amount(principal and interest), r is the rate, and t is the time invested.
A = 5200[1 + .0736(4.5)]
A = 6922.24
note we had to change the rate to a decimal by dividing by 100
Also 54 months is equal to 4.5 years...you enter time in years.
