The answer is a
Hope this helpedu
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
Answer:
i think it 15
Step-by-step explanation:
that is what i got
Answer:
358.125
Step-by-step explanation:
8595/24=358.125
Answer: if he drives the car each month, he would spend $150 lesser than when he drives the truck.
Step-by-step explanation:
The car goes 25 miles on 1 gallon of gas. Jamaica drives 1000 miles per month, it means that the number of gallons of gas that he would use in a month is
1000/25 = 40 gallons of gas
If gasoline costs $2.50 per gallon and Jamaica chooses to buy a car, the cost of gas per month would be
2.5 × 40 = $100
The truck goes 10 miles on 1 gallon of gas. Jamaica drives 1000 miles per month, it means that the number of gallons of gas that he would use in a month is
1000/10 = 100 gallons of gas
If gasoline costs $2.50 per gallon and Jamaica chooses to buy a truck, the cost of gas per month would be
2.5 × 100 = $250
The difference between both costs is
250 - 100 = $150
