The formula of the future value of annuity ordinary
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value
Pmt payment
R interest rate 0.0425
K compounded monthly 12
N time 10 years
If the payment 150
Fv=150×(((1+0.0425÷12)^(12
×10)−1)÷(0.0425÷12))
=22,381.089
If the payment 200
Fv=200×(((1+0.0425÷12)^(12
×10)−1)÷(0.0425÷12))
=29,841.452
How much more
29,841.45−22,381.09
=7,460.36
Answer:
2 contracts
Step-by-step explanation:
Break even point refers to the number of units or sales that needs to be generated for the company to make neither a profit nor a loss.
This means that at the break even point, sales is equivalent to the cost incurred (both fixed and variable).
Let the number of contracts that must be signed to break even be s
The rent is a fixed cost while the cost associated with each contract is variable.
5687.1s = 7000 + 1260.7s
5687.1s - 1260.7s = 7000
4426.4
s = 7000
s = 1.58
≈ 2
She must facilitate 2 contracts each month to break even.
Question:
Isabella pitches for her high school softball team. Of the 7 pitches she throws, 5 are strikes. She uses a standard deck of cards to model her pitches, with hearts, clubs, and spades representing strikes. Which statement about her model is true?
Answer:
B. Her model can be improved the most by removing the queens and kings of hearts, clubs, and spades.
Explanation:
I took the test and passed.
The population you gave isn't formatted correctly so I'll solve the problem assuming you mean 103,500.
First we find the number of males from the percentage given:
0.56 * 103500 = 57960 males
Subtract the number of males from the total population to get the number of females:
103500 - 57960 = 45540 females
You could solve the problem by finding the percentage of females first. Since there are 56% males, that means there are 100-56 = 44% females.
0.44 * 103500 = 45540
The answer is 45540.
