Hi there
The formula of the future value of annuity due is
Fv=pmt [(1+r)^(n)-1)÷r]×(1+r)
Fv future value?
PMT payment 9000
R interest rate 0.04
N time 75−51=24 years
So
Fv=9,000×((((1+0.04)^(24)−1)
÷(0.04))×(1+0.04))
=365,813.17
It's c
Hope it helps
YAAS! I literally learned this just a few weeks ago. (I am not actually a high school senior) First, convert 7% to a decimal, which is 0.07. Then multiply 0.07 by 23,000, giving you 1,610. This is your unit rate. I will though, need you to be more specific on "compounding quarterly" because I actually do not know what that means.
Answer:
Step-by-step explanation:
The average car manufactured in the United states in 2001 could drive 24.5 miles on 1 car gallon of gas. To find the number of yards the car can travel on gallon of gas, we would convert 24.5 miles.
1 mile = 1760 yards
24.5 miles = 24.5 × 1760
= 43120 yards
Therefore, the car drives 43120 yards on 1 gallon of gas.
The third choice is appropriate.
an = 5 - 3(n - 1); all integers n ≥ 1
_____
This equation follows the form for the general term of an arithmetic sequence.
an = a1 + d(n - 1)
where a1 is the first term (corresponding to n=1), and d is the common difference. From the problem statement, a1 = 5 and d = 2 - 5 = -3.
