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Ainat [17]
3 years ago
8

What is the future value of $845 a year for seven years at an interest rate of 11.3 percent? $6,683.95 $6,075.69 $8,343.51 $8,00

1.38 $8,801.91?
Mathematics
2 answers:
k0ka [10]3 years ago
7 0
The future value of cash whose initial value is $845, at the rate of 11.3% for 7 years will be calculated using the compound interest rate, that is:
A=p(1+r/100)^n
where:
A=future amount
r=rate=11.3%=0.113
time=7 years
thus the future value of our cash will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82 
vichka [17]3 years ago
6 0
<span>In 7 years, you will have $1,787.82</span>
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Step-by-step explanation:

The population of the small town              =  39,668

Yearly rate of decline                                 = 1.5%

Therefore, to calculate 1.5% of 39,668       = 1.5  x 39,668

                                                                         ------------------

                                                                                  100

                                                                      =   595.02

So, the population is declining by 595.02 on yearly basis.

To ascertain what will the population would have declined to in the next 13 years,

We multiply ,                                                = 595.02 x 13

                                                                      =7,735.26

Now population in 13 years                         = 39,668 - 7,735.26

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