Answer:
$501,049.37
Step-by-step explanation:
For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:
Given that
PMT = $9,000
NPER = 22 years
Annual rate = 0.078
Quarterly= 0.078 ÷ 4 = 0.0195
Effective annual rate = (1.0195^4) - 1 = 0.0803113041
Now applied the formula which is given below
= -FV(RATE;NPER;PMT;PV)
After applying the above formula, the future value is $501,049.37
1) 2/4 = 1/4 + 1/4
2) 4/6 = 1/6 + 1/6 + 1/6 + 1/6
3) 3/5 = 1/5 + 1/5 + 1/5
4) 3/3 = 1/3 + 1/3 + 1/3
5) 7/8 = 1/8 + 1/8 + 1/8 + 1/8 + 1/8 + 1/8 + 1/8
6) 6/2 = 1/2 + 1/2 + 1/2 + 1/2 + 1/2 + 1/2
7) 5/6 = 1/6 + 1/6 + 1/6 + 1/6 + 1/6
8) 9/5 = 1/5 + 1/5 + 1/5 + 1/5 + 1/5 + 1/5 + 1/5 + 1/5 + 1/5
9) 8/3 = 1/3 + 1/3 + 1/3 + 1/3 + 1/3 + 1/3 + 1/3 + 1/3
10) 1/2 * 8 = 8/2 = 4
11) Unit fractions are fractions where its numerators are 1 and its denominators are positive integer. example: 1/2 ; 1/3 ; 1/4
12) D.) 5/2 = 5 * 1/2
A is the correct answer coz if you substitute 22 in the place of X-5 the answer will be 17
From what I'm reading from this question, there's one answer.
13 + 5 * 1 = 18
Unless maybe I'm missing something?
