Answer:
$25.40
Step-by-step explanation:
Find the unit price. So what you do is just divide 304.80 by 12 to get the price of one which comes out to be $25.40
Answer:
6194.84
Step-by-step explanation:
Using the formula for calculating accumulated annuity amount
F = P × ([1 + I]^N - 1 )/I
Where P is the payment amount. I is equal to the interest (discount) rate and N number of duration
For 40 years,
X = 100[(1 + i)^40 + (1 + i)^36 + · · ·+ (1 + i)^4]
=[100 × (1+i)^4 × (1 - (1 + i)^40]/1 − (1 + i)^4
For 20 years,
Y = A(20) = 100[(1+i)^20+(1+i)^16+· · ·+(1+i)^4]
Using X = 5Y (5 times the accumulated amount in the account at the ned of 20 years) and using a difference of squares on the left side gives
1 + (1 + i)^20 = 5
so (1 + i)^20 = 4
so (1 + i)^4 = 4^0.2 = 1.319508
Hence X = [100 × (1 + i)^4 × (1 − (1 + i)^40)] / 1 − (1 + i)^4
= [100×1.3195×(1−4^2)] / 1−1.3195
X = 6194.84
(3,0) and (0,-9)
Explanation: type the equation in a graphing calculator and the answer is the points where the line crosses the x and y axis
Answer:
-2(57+8) = 14 + 6x
step 1 -2 x 57 and -2 x 8 =
step 2 -114-16 = 14 + 6x
+16 +16
step 3 -114 = 30 + 6x
-30 -30
step 4 -144 = 6x
-144/6 6/6
x = -24
-2(5x + 8) = 14 + 6x
step 1 -2 x 5x and -2 x 8 =
-10x - 16 = 14 + 6x
step 2 -6x -6x
-16x -16 = 14
step 3 +16 +16
-16x = 30
step 4 -16/-16 30/-16
x= -15/8