The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
Answer : the surface lateral is,,,Step-by-step explanation:
Answer:
5/4in
Step-by-step explanation:
The initial length:
1 ft = 12 in
8 ft = 8 * 12 in
= 96 in
The final length:
7 ft 10 3/4 in = 7 ft + 10 in + 3/4 in
= 7 * 12 in + 10 in + 3/4 in
= 84 in + 10 in + 3/4 in
= 94 in + 3/4 in
The final length:
96 in - 94 in - 3/4 in = 2 in - 3/4 in = 8/4 in - 3/4 in = 5/4 in
