Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Answer:
80 cookies
Step-by-step explanation:
25% of 64 is 16
16+64=80
Answer:
y = -.5x -.5
Step-by-step explanation:
All you do is plug in the x and y in the point to the equation, y = mx + b. Since the coordinate is (5, -3), this in the equation would look like -3 = -.5(5) +b. (all you need to find is the y-intercept, or b.) Solve it out to get -3 = -2.5 + b. Add 2.5 to each side of the equation, you're left with b = -.5. Now, put that back into the original equation, and get y = -.5x -.5. I think this is right, you can go back through and check once more if you'd like.
get a common denominator which is 24
3 7/8 = 3 21/24
6 /4 = 6 6 /24
3 21/24 - 6 6 /24
big number minus small number take sign of larger
6 6/24
- 3 21/24
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5 30/24
3 21/24
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2 9/24
2 3/8
the sign of the larger is negative
-2 3/8
Answer:
Step-by-step explanation:
the coordinates of midpoint is average of x value of endpoints and average of y value of endpoints