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OverLord2011 [107]
3 years ago
13

What is the future value of 24 periodic payments of $5,070 each made at the beginning of each period and compounded at 8%? (Roun

d factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Business
1 answer:
maw [93]3 years ago
7 0

Answer:

Future Value= $365,577.12

Explanation:

Giving the following information:

n= 24 years

i= 8%

Annual payments= $5,070

Because the payments are made at the beginning of the year, we need to include an additional interest period. We will use the following formula:

FV=  {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= {5,070*[(1.08^24)-1]} / 0.08 + {[5,070* (1.08^24)] - 5,070}

FV= 338,497.33 + 27,079.79

FV= $365,577.12

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3 0
3 years ago
A rectangular floor measures $a$ feet by $b$ feet, where $a$ and $b$ are positive integers with $b > a$. An artist paints a r
DENIUS [597]

The number of possibilities that are there for the ordered pair is 2.

<h3>Calculation and Parameters
</h3>

Because the unpainted part of the floor covers 1/2 of the area, then the painted rectangle covers 1/2 of the area as well.

Given that the border width is 1 foot, the dimensions of the rectangle are a-2 by b-2.

Making an equation:

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ab= 2ab-4a-4b+8

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If we apply Simon's Favorite Factoring Trick,

ab-4a-4b+16= 8

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Since b > a, then we have the possibilities

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(5, 12) or (6,8) which gives us 2 possibilities.

Read more about possibilities here:

brainly.com/question/25870256

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8 0
2 years ago
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Answer:

D

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When a service organization provides services that affect the initiation, execution, processing, or reporting of a user company'
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Those services are <span>considered to be part of the user company's information system.
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3 years ago
What's price in economics
irinina [24]

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<em>I hope this helps! ^^</em>

7 0
1 year ago
Read 2 more answers
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