Answer:
$501,049.37
Step-by-step explanation:
For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:
Given that
PMT = $9,000
NPER = 22 years
Annual rate = 0.078
Quarterly= 0.078 ÷ 4 = 0.0195
Effective annual rate = (1.0195^4) - 1 = 0.0803113041
Now applied the formula which is given below
= -FV(RATE;NPER;PMT;PV)
After applying the above formula, the future value is $501,049.37
The answer is (3,0)
<em>Sure hope this helps you</em>
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Answer:
Undefined
Step-by-step explanation:
Answer:
2/5
Step-by-step explanation:
To get the ratio as a pure number, it must be expressed as the quotient of two values that have the same units. For the purpose here, it is convenient to convert both values to units of seconds.
__
<h3>units conversion</h3>
The conversion factor between minutes and seconds is ...
1 minute = 60 seconds
Multiplying this equation by 3 gives ...
3 minutes = 180 seconds
__
<h3>ratio of interest</h3>
Then the desired ratio is ...
(72 seconds)/(3 minutes) = (72 seconds)/(180 seconds) = 72/180
= (36×2)/(36×5)
= 2/5
The ratio in its simplest form is 2/5.
