
Example:
5w - five apples
8 - eight strawberries
5w + 8 = (five apples) + (eight strawberries) = 13 of what?
You can add only numbers of the same fruits.
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer:
0.60
1.00
Step-by-step explanation:
Answer:
C, D, and E are correct
Step-by-step explanation:
p(2)= 1/6; p(3)= 1/6; p(4)= 1/6; 1/6=1/6=1/6
p(1)= 3/6; 3/6=1/2
p(4) = 1/6; There are six sections and one section is labeled<em> '4' </em>
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Hope this helped! ;p