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:
-20 points for a incorrect answer
Step-by-step explanation:
-160/8=20
Answer:
Barry had the following:
8 bananas
12 apples
20 kiwi
32 peaches
8 grapefruit
4 mangos
88 total
Step-by-step explanation:
Each of the amounts of fruit can be written in terms of one variable. Starting with bananas as 'x', we can then make different values of 'x' to produce all the other numbers of fruits:
bananas = x
apples = 2x (twice as many bananas)
kiwi = 2.5x (5/6 of applies and bananas combined = 5/6(3x) or 2.5x)
peaches = 3.5x + 4 (sum of bananas and kiwis plus four = x + 2.5x + 4)
grapefruit = x (half as many apples = 2x/2)
mango = 0.5x (20% of kiwi = (0.2)(2.5)x)
88 = x + 2x + 2.5x + 3.5x + 4 + x + 0.5x
88 = 10.5x
8 = x (bananas)
apples = 2x or 16; kiwi = 2.5x or 20, peaches = 3.5x + 4 = 32, grapefruit = x or 8, mangos = 0.5x or 4
You’re gonna “distribute” the 7 into the parentheses by multiplying the 7 by the numbers inside the parentheses
