Answer:
$2502.60
Step-by-step explanation:
The formula for the amount of an annuity due is ...
A = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
where P is the monthly payment (100), r is the annual interest rate (.04), n is the number of compoundings per year (12), and t is the number of years (2). Given these numbers, the formula evaluates to ...
A = $100(1.00333333)(1.00333333^24 -1)/0.00333333
= $100(301)(0.08314296)
= $2502.60
_____
This value is confirmed by a financial calculator. The given answer choices all appear to be incorrect. The closest one corresponds to an annual interest rate (APR) of 4.286%, not 4%.
Answer and work down below. Let me know if you have any questions
Answer:
24 books
Step-by-step explanation:
Initially the top shelf has no books placed on
Then books added to this:
And now all 4 shelves have same amount of books. So total number is:
There are 24 books in the bookcase
3.5m + 2.5 = 79.5 is the equation that could be used to determine m, the number of miles in the taxi ride.
Given in question,
Pick-up fee = $2.50
Fee per mile = $3.50
Total fare = $79.50
Let the no. of miles = m
Fee for m miles = 3.50m
Equation, 3.50m + 2.50 = 79.50.
Hence, the equation is 3.50m + 2.50 = 79.50.
To learn more about equation here:
brainly.com/question/14686792
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31 = -4v - 5
31 (+5) = -4v -5 (+5)
36 = -4v
36/(-4) = -4v/(-4)
36/ -4 = v
v = -9 is your answer
hope this helps
