Jan earns $4 more per hour than Eli.
Answer:
A) $93,504.818
B) $40,000
C) $53,504.818
Step-by-step explanation:
Yearly contribution ( periodic payment) = $4000
Period (p) = 10years
Additional period(y) = 5years
Annual interest(r) = 9% = 0.09
Future value (FV) =
periodic payment [(1 + r)^y - 1] / r
4000 [(1 + 0.09)^10 - 1 / 0.09]
4000[1.09^10 - 1 / 0.09]
4000[1.3673636 / 0.09]
4000(15.192929)
= 60771.716
If left for five more years:
FV = 60771.716(1 + r)^n
FV = 60771.716(1 + 0.09)^5
FV = 60771.716(1.09)^5
FV = 60771.716(1.5386239549)
FV = $93,504.818
B) MR. HUGHES CONTRIBUTION :
Periodic payment × p ; $4000 was deposited annually for 10 years.
$4000 × 10 = $40,000
C) Interest = Future value - contribution
$93,504.818 - $40,000
= $53,504.818
Answer: -1
Step-by-step explanation:
1. add the numbers
2. add 8 to both sides
3 add the numbers
4. divide both sides of the equation by the same term
5. divide the numbers then cancel the terms that are in both the numerator and denominator then move the variably to the left
Answer:
the answer is the b) second graph because the equation matches the graph ,and the y is intercept is 5
