Answer:
Fifteen and six hundredths
Step-by-step explanation:
The total of all the purchases is $73.94. The remaining balance on the card is $26.06. Hope this helps!
The formula of the present value of annuity due:
![PV=C*[\frac{1-(1+i)^{-n}}{i}]*(1+i)](https://tex.z-dn.net/?f=PV%3DC%2A%5B%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%5D%2A%281%2Bi%29)
For your case:
C = $3000
i = 12% / 100 = 0.12
n = 3 * 2 = 6 (semiannually for 3 years means 6 payments)
So, the solution is:
![PV=3000*[\frac{1-(1+0.12)^{-6}}{0.12}]*(1+0.12)=3000*[\frac{1-0.5066}{0.12}]*1.12=](https://tex.z-dn.net/?f=PV%3D3000%2A%5B%5Cfrac%7B1-%281%2B0.12%29%5E%7B-6%7D%7D%7B0.12%7D%5D%2A%281%2B0.12%29%3D3000%2A%5B%5Cfrac%7B1-0.5066%7D%7B0.12%7D%5D%2A1.12%3D)
Sec∅ = 1/cos∅
= 1/cos(240)
= 1/cos(180 + 60)
= 1/-cos(60)
= 1/(-1/2)
= -2
Answer:
0.0625
Step-by-step explanation:
Because 2x = 0.125, we'll divide 0.125 by 2 to het the answer. (0,125 ÷ 2 = 0.0625)