Answer:
$9891.23
Step-by-step explanation:
The formula for future value of annuity due is:
![FV=P[\frac{(1+r)^{n}-1}{r}]*(1+r)](https://tex.z-dn.net/?f=FV%3DP%5B%5Cfrac%7B%281%2Br%29%5E%7Bn%7D-1%7D%7Br%7D%5D%2A%281%2Br%29)
Where,
- FV is the future value of the annuity (what we need to find)
- P is the periodic payment (here it is $400)
- r is the interest rate per period (here 13% yearly interest is actually
percent per period(quarter)) - n is the number of periods (here the annuity is for
years, which is 
periods, since quarterly and there are 4 quarters in 1 year)
Substituting all those values in the equation we get:
![FV=400[\frac{(1+0.0325)^{18}-1}{0.0325}]*(1+0.0325)\\=400[23.9497]*(1.0325)\\=9891.23](https://tex.z-dn.net/?f=FV%3D400%5B%5Cfrac%7B%281%2B0.0325%29%5E%7B18%7D-1%7D%7B0.0325%7D%5D%2A%281%2B0.0325%29%5C%5C%3D400%5B23.9497%5D%2A%281.0325%29%5C%5C%3D9891.23)
Hence, the future value of the annuity due is $9891.23
Answer:
I think that the answer would be C because you have to multiply the term at the top. This would mean you would not do C. Sorry if this is wrong. At least you have your eliminating process now. lol so doing C is out of the box, which makes C your answer.
Step-by-step explanation:
Answer:
You can look at the screenshot
Step-by-step explanation:
So one point of the line is (0, -4) and another point is (4/3, 0). Plot these points on a graph and draw a line.
0, -4 is from making x = 0, and then 4/3, 0 is from making y = 0.
Answer: 2.5% of the bags weigh less than 282 grams.
Step-by-step explanation: Just took the test and this was the correct answer! :)
ANSWER
and
e have
EXPLANATION
Let us make y the subject and call it equation (2)
We put equation (2) in to equation (1)
Simplify to get,
Divide both sides by 31,
We put this value in to equation (2) to get,
We collect LCM to obtain,
