The balance in dollars and cents in Yolanda's account at the end of 4 years is $5,355.29
What is the future value of an ordinary?
An ordinary annuity is the one where the monthly deposit occurs at the end of each month rather than at the beginning of the months such its future value based on 5.5% annual interest rate can be determined thus:
FV=PMT*(1+r)^N-1/r
FV=balance in dollars and cents in Yolanda's account at the end of 4 years=unknown
PMT=monthly deposit=$100
r=monthly interest rate=5.5%/12=0.00458333333333333
N=number of monthly deposits in 4 years=4*12=48
FV=$100*(1+0.00458333333333333)^48-1/0.00458333333333333
FV=$5,355.29
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Missing question:
What was the balance in dollars and cents in Yolanda's account at the end of 4 years?
Isn't it already in standard form?
<u>Answer:</u>
Planet A is inner
Planet A is Mars
Planet B is Outer
Planet B is Uranus
<u>Solution:</u>
We know that the inner planets are the planets which are close to the sun. They are relatively small, mostly rocky composition, and have few or no moons.
On other hand, the outer planets are the planets which are far away from the sun. They are mostly huge, ringed, gaseous and have several moons.
In the given problem,
Planet A has rocky mantle and iron core, less no of Moons and no rings, also due to 96% of carbon dioxide, 3% nitrogen and 1% other gases this is denser, and Hence Planet A is inner planet. As the distance from the sun is 1.5 AU and no of moons are 2, hence Planet A is Mars.
On the other hand, Planet B is gaseous with hydrogen and helium gas, hence it is also denser and it has large no of moons and faint rings. So Planet B is Outer planet. As the distance of the planet is 19.22 AU and has 27 moons, hence Planet B is Uranus.
