Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Answer:hey
Step-by-step explanation:
Answer:
A-$1.65
Step-by-step explanation:
You multiply 1.25 by 4 because each brother bought a bag of chips. Then you subtract that by the total and get $13.20 you divide that by 8 hot dog because each brother got 2 hot dogs. By dividing 8 by the left over amount from subtracting the chips you get how much each hot dog is worth.
Answer:
105
Step-by-step explanation:
300 x 0.35 = 105
Answer:

Step-by-step explanation:
Given the information
- 4 containers of 4 different colors
- 1/3 of each color left over
- She had planted more than 2 1/2 of the original 4 containers
=> Total color were left = 1/3 x 4 = 4/3 of the original containers
=> Total color were planted = (1 - 1/3) x 4 = 2/3 x 4 = 8/3 of the original containers
However, 8/3 =
> 2
So she is true, hence, the fractions to determine the total amount of containers of flowers she planted is:
Hope it will find you well