The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
Here are 3 different pairs (0,4) , (1,2) , (2,8)
Step-by-step explanation:
Hope this helped
Answer:a>4
Step-by-step explanation:
<span>associative property of multiplication
answer
</span><span>A.−125 ⋅ (712 ⋅ 19) ⋅ 85 = (−125 ⋅ 712) ⋅ (19 ⋅ 85) </span>
Answer:
8
Step-by-step explanation:
2 divide 1/4 = 
What we have to do here is find a common denominator for both fractions, in this case 4, and change to equivalent fractions with a denominator of 4.
Then we divide across. The denominator of the answer will be 1 because the denominators are the same. Divide the numerators and get 8 ÷ 1, wich is just 8.
