It would take 2 months for the membership of both clubs to be the same
<h3>What is an
equation?</h3>
An equation is an expression that shows the relationship between two numbers and variables.
The standard form of a linear equation is:
y = mx + b
Where m is the rate of change and b is the y intercept
Let y represent the total cost of dues over x months, hence given that:
y = 3x - 5 (1)
Also:
4x - 3y = 5
y = (4x - 5)/3 (2)
For the membership of both clubs to be the same:
3x - 5 = (4x - 5)/3
9x - 15 = 4x - 5
x = 2
It would take 2 months for the membership of both clubs to be the same
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The future value annuity is given by:
FV=(1+r)*p{[(1+r)^n-1]/r}
our value will be:
FV=(1+0.071/2)*450{[(1+0.071/2)^(9*2)-1]/0.071/2}
FV=11,468.337
The present value of the annuity will be:
FV=PV(1+r)^n
11,468.337=PV(1+0.071)^9
solving for PV we get
PV=6185.791
Answer: PV=$6185.791
Answer is D]
6.739 = 6.7 to the tenth place
52.192 = 52.2 to the tenth place
0.61 = 1 to the unit(ones) place
348.508 = 348.51 to the hundredth place
Answer:
Step-by-step explanation:
