Answer:
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Step-by-step explanation:
Answer:
A) $93,504.818
B) $40,000
C) $53,504.818
Step-by-step explanation:
Yearly contribution ( periodic payment) = $4000
Period (p) = 10years
Additional period(y) = 5years
Annual interest(r) = 9% = 0.09
Future value (FV) =
periodic payment [(1 + r)^y - 1] / r
4000 [(1 + 0.09)^10 - 1 / 0.09]
4000[1.09^10 - 1 / 0.09]
4000[1.3673636 / 0.09]
4000(15.192929)
= 60771.716
If left for five more years:
FV = 60771.716(1 + r)^n
FV = 60771.716(1 + 0.09)^5
FV = 60771.716(1.09)^5
FV = 60771.716(1.5386239549)
FV = $93,504.818
B) MR. HUGHES CONTRIBUTION :
Periodic payment × p ; $4000 was deposited annually for 10 years.
$4000 × 10 = $40,000
C) Interest = Future value - contribution
$93,504.818 - $40,000
= $53,504.818
Answer: Option 'd' is correct.
Step-by-step explanation:
Since we have given that
Number of hours of pop music = 3
Number of hours of classical music = 2
According to question, Every month onwards, the hours of pop music in her collection is 5% more than what she had the previous month. Her classical music does not change.
Rate of increment = 5% = 0.05
Let the number of months be 'x'.
So, our required function becomes,
Hence, Option 'd' is correct.
Answer:
0.62222222222
Step-by-step explanation:
So the 3 2 minutes of the game
