1) montly rate, r = 5% / 12 = 0.416% = 0.00416
2) capital, C = $ 450 = present value
3) time = 11 years => number of periods = 11 * 12 = 132
4) Formula: FV = C * (1 + r) ^ (number of periods)
5) Calculation: FV = $450 * ( 1 + 0.00416)^(132) = $ 779.07
Answer: $ 779.07
Not quite understand the question. We assume that the issue of ratios of numbers of 800 and 8000.
Then 800 is one-tenth of the 8,000 800 other words is 10% of 8000.
Conversely, 8000 it ten times at 800 and 1000% of 800.
Steeper and the line shifted +4 up (Talking about the y intercept)
H is hours
9.20H ≧ 299
H ≧ 299/9.20
H ≧ 32.5
Hours to work at summer job to pay $299 is 32 hours and 30 minutes.
