Step-by-step explanation:
This is the answer. Hope it helps.
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer:
I'm 98% sure its c. 1/4
Step-by-step explanation:
in order for a line to be parallel to another they have to be on different y intercepts but have the same slope causing them to never intersect.
the slope of the graph on the line is 1/4 because of rise over run
Answer:
Options: A, B, and C correctly solve for x.
Step-by-step explanation:
A).
= 
Multiplying both sides by 2 gives;
5x = 15
x = 15 ÷ 5 = 3
∴ This option correctly solve for x.
B).
x + 
= 7
x = 7 - = 
∴ This option correctly solve for x.
C).
x + 3 = 
x = 
But the option give x as 5/6 hence this option does not correctly solve for x.
D).
5x = 11/2
x = 11/2 ÷ 5 = 11/2 × 1/5 = 11/10
But the option gives x as 10/11 so it does not correctly solve for x.
