Answer:
$1,109.62
Step-by-step explanation:
Let's first compute the <em>future value FV.</em>
In order to see the rule of formation, let's see the value (in $) for the first few years
<u>End of year 0</u>
1,000
<u>End of year 1(capital + interest + new deposit)</u>
1,000*(1.09)+10
<u>End of year 2 (capital + interest + new deposit)</u>
(1,000*(1.09)+10)*1.09 +10 =

<u>End of year 3 (capital + interest + new deposit)</u>

and we can see that at the end of year 50, the future value is

The sum

is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to

and the future value is then

The <em>present value PV</em> is

rounded to the nearest hundredth.
3/15 means if you pay the bill within 15 you will get a discount by 3%
Now solve your question
178.95−(178.95×0.03)
=173.58 be paid
Answer:
152
Step-by-step explanation:
hope it helps
Step-by-step explanation:
Approach: If four numbers a, b, c and d are in proportion then a:b = c:d. The solution is to sort the four numbers and pair up the first 2 together and the last 2 together and check their ratios this is because, in order for them to be in proportion, the product of means has to be equal to the product of extremes.