1. 584x3=1752
2. 90/2=45. 45-3=42. 45+3=48. Madison has $48 and Saul has $42.
First calculate the future value of the annuity
The formula to find the future value of an annuity ordinary is
Fv=pmt [((1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT quarterly payment 1500
R interest rate 0.12
K compounded quarterly 4
N time 4 years
Fv=1,500×(((1+0.12÷4)^(4×4)
−1)÷(0.12÷4))
=30,235.32
Now compare the amount of the annuity with amount of the gift
30,235.32−30,000=235.32
So as you can see the amount of the annuity is better than the amount of the gift by 235.32
Second offer is better
Hope it helps!
The place value 8 in 281,480,100 is the 10th. And it is the same way in the other problem. How you get your answer is by counting like this EX: 1, 10, 100, 1,000, 10,000, 100,000... And so on.
8/9 * 1/4 = 8/36 division of fractions is equal to the multiplication of the reciprocal