Future value of annuity due can be calculated using the following rule:
FVAD = FVOA x (1+r)
where:
FVAD is the future value of annuity due = $25,000
FVOA is future value of ordinary annuity = $24,000
r is the discount rate we want to calculate
Substitute with these givens in the above equation and get r as follows:
<span>$25,000 = $24,000 × (1 + r)
r = 0.0417 which is equivalent to 4.17%
</span>
Answer: b) 4.17%
No, they do not. A ratio that would form a proportion with 4/15 would be 16/60. Hope this helps!
Answer:
60
Step-by-step explanation:
Answer:
a=50
Step-by-step explanation:
a + 2a + 30 = 180
3a + 30 = 180
(-150 from both sides)
3a = 150
(Divide by 3 from both sides)
a = 50
