Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
They didn't make it easy. Grid lines are apparently 3 apart, but the offered coordinates are all multiples of 4. It appears the only point that is in the doubly-shaded area is ...
... B (-4, -10)
Answer:
4/9
Step-by-step explanation:
- The denominator is the bottom value of a fraction, therefore we can discount 9/2
- 1/9 = 2/18. 2/18 is smaller than 3/18 so we can discount 1/9
- 50/100 = 0.5
5/9 = 0.55555...
0.55555... is greatest than 0.5, therefore we can discount 5/9
So first create and define your variables:
Z = amount of zebra fish
N = amount of neon tetras
Now create your equations:
2z+2.15n=31.20
z+n=15
This is your system. There are multiple methods to use but in this problem I’ll use the substitution method by simplifying the bottom equation.
2z+2.15n=31.20
z=15-n
Now I’ll plug the bottom equation into the top one.
2(15-n)+2.15n=31.20
And just solve from here.
30-2n+2.15n=31.20
0.15n=1.20
n=8
So he bout 8 neon tetras, and 15-8= 7, so he bought 7 zebra fish
