Annuities
Suppose a fixed investment R is done every fixed number of periods m per year for t years at a constant rate r.
a.
The final value of the investments plus the interest is calculated as follows:
Where:
n = number of total periods of the investment.
n = m*t
The company invests R = $13,000 for t = 10 years at the end of every quarter (3 months), thus m = 4. The interest rate is r = 9% = 0.09.
The interest rate compounds quarterly.
Calculate:
n = 4*10 = 40
i = 0.09 / 4 = 0.0225
Calculating:
FV = $829,220
The company will have $829,220 in scholarship funds
b. The interest can be found by subtracting the final value and the initial value. We have to calculate the latter:
Thus, the interest is:
welcI = $829,220 - $340,516
I = $488,704
The interest is $488,704
Answer:
i had this in rsm a long time ago, i think the answer(if it's an equation) should be:
6x + x = 7x
yeah sorry i forgot scream scream
Step-by-step explanation:
21v + 8 - 12v - 7 + 3t - 1t = (combine like terms)
9v + 2t + 1 <==
Answer:
the second one is the right answer (2)
Answer:
4. Player 2's position is Player 1's position reflected across the y-axis; only the signs of the x-coordinates of Player 1 and Player 2 are different.
Step-by-step explanation:
Player 1's position is (-3, 5).
It means that it is 3 units left from the origin and 5 units above the origin.
Player 2's position is (3, 5).
It means that it is 3 units right from the origin and 5 units above the origin.
Hence, the two points are on the same horizontal line bisected by the y-axis.
So, Player 2's position is Player 1's position reflected across the y-axis; only the signs of the x-coordinates of Player 1 and Player 2 are different.
