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mojhsa [17]
3 years ago
12

What is 3 47/99 in decimal form?

Mathematics
2 answers:
ddd [48]3 years ago
5 0
The answer is 3.<span>474747474747475</span>
LiRa [457]3 years ago
3 0
The answer is 3.47 repeating
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You recently discovered that your job provides a 25% matching towards your retirement.
Harman [31]

Answer:

What is typed in the attached Excel file is =FV(B4,B5,-B3,0,0).

Step-by-step explanation:

Note: See the attached excel file for the calculation of future value of an ordinary annuity.

Since we want to find the balance after 30 years, the function in the Excel is the FV function which is used to calculate the future value (FV) of an ordinary annuity as follows:

=FV(rate,nper,-pmt,0,0) …………………… (1)

rate = Monthly interest rate = APR / 12 = 8.99% / 12 = 0.0899 / 12 = 0.00749166666666667. Note: This is typed in cell B4 in attached excel file.

nper = periods = number of months = 30 years * 12 months = 360. Note: This is typed in cell B5 in attached excel file.

pmt = monthly payment = $300. Note: This is typed in cell B3 in the attached excel file. And also typed as a negative value in cell B7, i.e. as -B3.

pv = present value = 0. Note: This is the first 0 typed in cell B7 in the attached excel file.

type 0 = 0 this is typed to indicate that deposit is made at end of period as a regular or ordinary annuity. This is the second 0 typed in cell B7 in the attached excel file.

Based on the above, the FV function in equation (1) above is converted to the following which is typed in the attached Excel file to find the balance after 30 years:

=FV(B4,B5,-B3,0,0)

The above then gives a future value of $548,080.11 which is  the balance after 30 years.

Download xlsx
3 0
2 years ago
I GIVEEEE BRAINLILSTTT
boyakko [2]
31 hope that helps have a good one
8 0
3 years ago
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Lori buys a $1500 certificate of deposit (CD) that earns 6% interest that compounds monthly. How much will the CD be worth in:
Studentka2010 [4]

Answer:

$1500

6% interest

use the formula...

P(1+(r/100))^n

where P=initial amount

r=interest rate

t=time period elapsed

so ... for 5 years we get

$1500(1+(6/100))^5 = $1500(1.06)^5 = 2007.3383664

for 10 years

1500(1.06)^10 = 2686.271544814228043264

468 months = 39 years

1500(1.06)^39=14555.261231781943250017719606544

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3 years ago
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If there are 3 people in a room, the probability that they all have the same birthday is
Nostrana [21]
There is .82% chance they will have the same bdays
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Would the graph of the following function be discrete or continuous? <br><br> y = 15 + 3x
yanalaym [24]
The other person is right
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