The teacher usually ask different questions, but if you have the questions then i can help :)
Answer:
$2647.18
Step-by-step explanation:
Data provided in the question:
Rate = 9% compounded quarterly
interest rate per period, i = 9% ÷ 4 = 2.25% = 0.0225
Future value = $43,000
Time = 3.5 years
Number of periods, = 3.5 × 4 = 14
Now,
Let the annual payments be 'A'
Thus,
Future value = A × [ (1 + i)ⁿ - 1 ) ÷ i ]
or
$43,000 = A × [ (1 + 0.0225)¹⁴ - 1 ) ÷ 0.0225 ]
or
$43,000 = A × 16.244
or
A = $2647.18
Answer:
-1 Degree C
Step-by-step explanation:
When its talking about average temperature, its talking about the mean. To calculate mean, you add all the numbers and divide it by how many numbers are there.
(-8) + (-1) + 2 + 4 + (-2) = -5
mean = -5/5
-1 degree C
