Answer:
Future value of annuity (FV) = $13,782.12 (Approx)
Step-by-step explanation:
Given:
Periodic payment p = $500
Interest rate r = 13% = 13%/4 = 0.0325 (Quarterly)
Number of period n = 5 x 4 = 20 quarter
Find:
Future value of annuity (FV)
Computation:
![Future\ value\ of\ annuity\ (FV)=p[\frac{(1+r)^n-1}{r} ] \\\\Future\ value\ of\ annuity\ (FV)=500[\frac{(1+0.0325)^{20}-1}{0.0325} ] \\\\Future\ value\ of\ annuity\ (FV)=13,782.1219 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3Dp%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D500%5B%5Cfrac%7B%281%2B0.0325%29%5E%7B20%7D-1%7D%7B0.0325%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D13%2C782.1219%20%5C%5C%5C%5C)
Future value of annuity (FV) = $13,782.12 (Approx)
<span>Using place value to exchange equal amounts when renaming a number is called : Regroup
Simple example for a group is when you try to add up :
86 + 25
86 has 8 group of tens and 6 groups of one
25 has 2 groups of tens and 5 groups of one
after adding that up , now the number has 11 group of tens and 1 group of one, the result of that equation would be : 110</span>
Answer:
130
Step-by-step explanation:
Answer:
t ≥ 18
Step-by-step explanation:
He has run 12 miles plus some more miles t. He need to run at least 30 miles
12+t ≥ 30
Subtract 12 from each side
12+t-12 ≥ 30-12
t ≥ 18
Answer:
A = pi * r^2 = pi * 5^2 = 25*pi = 78.54 in²