Answer:
6194.84
Step-by-step explanation:
Using the formula for calculating accumulated annuity amount
F = P × ([1 + I]^N - 1 )/I
Where P is the payment amount. I is equal to the interest (discount) rate and N number of duration
For 40 years,
X = 100[(1 + i)^40 + (1 + i)^36 + · · ·+ (1 + i)^4]
=[100 × (1+i)^4 × (1 - (1 + i)^40]/1 − (1 + i)^4
For 20 years,
Y = A(20) = 100[(1+i)^20+(1+i)^16+· · ·+(1+i)^4]
Using X = 5Y (5 times the accumulated amount in the account at the ned of 20 years) and using a difference of squares on the left side gives
1 + (1 + i)^20 = 5
so (1 + i)^20 = 4
so (1 + i)^4 = 4^0.2 = 1.319508
Hence X = [100 × (1 + i)^4 × (1 − (1 + i)^40)] / 1 − (1 + i)^4
= [100×1.3195×(1−4^2)] / 1−1.3195
X = 6194.84
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Answer: 1. s*h 2. 20.4 hours
Step-by-step explanation: 1. s*h
2. 20.4 hours hope this helps.
Answer:
-8 > b
Step-by-step explanation:
94<-2(1+6b)
Distribute
94<-2-12b
Add 2 to each side
94+2<-2-12b +2
96 < -12b
Divide each side by -12, remembering to flip the inequality since we divide by a negative
96/-12 > -12b/-12
-8 > b
