Annuities
Suppose a fixed investment R is done every fixed number of periods m per year for t years at a constant rate r.
a.
The final value of the investments plus the interest is calculated as follows:
Where:
n = number of total periods of the investment.
n = m*t
The company invests R = $13,000 for t = 10 years at the end of every quarter (3 months), thus m = 4. The interest rate is r = 9% = 0.09.
The interest rate compounds quarterly.
Calculate:
n = 4*10 = 40
i = 0.09 / 4 = 0.0225
Calculating:
FV = $829,220
The company will have $829,220 in scholarship funds
b. The interest can be found by subtracting the final value and the initial value. We have to calculate the latter:
Thus, the interest is:
welcI = $829,220 - $340,516
I = $488,704
The interest is $488,704
Answer:
294
Step-by-step explanation:
since the area is 7^3, the cube's side length is 7
SA = 6*7^2 = 294
It is important to look at all
the information’s already given in the question. Those information’s will come
in handy while solving the question.
Number of dogs in the shelter = 60
Percentage of puppies in the shelter = 15%
Then
Number of puppies in the shelter = (15/100) * 60
= 900/100
= 9
So there are a total of 9 puppies in the shelter.
I hope the procedure is clear
enough for you to understand. I am glad to have helped you.
It is true that bad road condition does have a direct impact
on the physical, emotional and economic aspects to the family, the community
and the country. Bad roads can cause accidents which directly impacts a person
physically. Mentally it is very stressful for a person to drive on bad roads. He
or she has to be extra careful regarding potholes and other damages that have
happened to the road. Economically bad roads can be the reason for price rise
of products as time required to move a product via road is more. Also the cost
of transport increases drastically.
The equation for simple interest is I = PRT. I = interest earned, P = principal/money invested, R = rate as a decimal, T = time in years.
I = (450)(0.03)(4)
I = 54
$54 is your answer
