Answer:
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Answer:
$1,109.62
Step-by-step explanation:
Let's first compute the <em>future value FV.</em>
In order to see the rule of formation, let's see the value (in $) for the first few years
<u>End of year 0</u>
1,000
<u>End of year 1(capital + interest + new deposit)</u>
1,000*(1.09)+10
<u>End of year 2 (capital + interest + new deposit)</u>
(1,000*(1.09)+10)*1.09 +10 =

<u>End of year 3 (capital + interest + new deposit)</u>

and we can see that at the end of year 50, the future value is

The sum

is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to

and the future value is then

The <em>present value PV</em> is

rounded to the nearest hundredth.
Number of comic books Bobbie has - b
95 = (9 + b) + b
Since 95 is the total number of comic books both boys have, it is equal to both boys' books added together. However, since we don't know how many books Kenny has, and only that he has 9 more than Bobbie, we can define that as (9 + b), or nine more than b. Then, we add b again, because (9 + b) is the number of books Kenny has, and if we add that to the number of books Bobbie has, it will equal the total of 95 comic books.
Answer:
13.9%
Step-by-step explanation:
The value of car is modeled as:

Here we can see that, each year Nathan has considered 0.861 of the previous year value or we can say that Nathan has considered 86.1% of the previous year value. So,

We subtract the percentage value considered from 100 to find out the percentage decrease in the value of the car.
The value of new car is decreasing by 13.9% each year.