Hi there
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT monthly payment 608
R interest rate 0.06
K compounded monthly 12
N time 6years
So
Fv=608×(((1+0.06÷12)^(12×6)
−1)÷(0.06÷12))
=52,536.58...answer
Good luck!
Answer:
Slope (m) = 18
/-17
=-1.0588235294118
Step-by-step explanation:
Answer:
Lower quartile: 85; median: 97; upper quartile 115.5
Step-by-step explanation: