The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
77/16
Step-by-step explanation:
Answer:
Step-by-step explanation:
Easy the three angles of a triangle equal 180 degrees
so 60+75 = 135 --> 180-135=
1) 145
2) 35
3) no since the tops a 100 and its a Isosceles triangle two corners left it be 40 for each corner
4) 34 for both x's cause 34+34+112. = 180
5) 180- 120= 60- 10 = 50/4 is (12.5)= x
6) x = 15 cause it be 120- 60 to get 60
Answer:
a=6x and b=5
Step-by-step explanation:
Answer:
2 months
Step-by-step explanation:
started with 20, an added 30 each month so 30 plus 30 equals 60, 2 months add it to 20, 60 plus 20 is 80. other girl started with nothing and added 40 each month so 40 plus 40 equals 80. also 2 months
