Answer:
NPV = $923.98
FV = $1466.23
Step-by-step explanation:
12/18
6/9
2/3
Simply in common factor you know and keep doing it
12/18
BCD:6
2/3
Answer: the value of the account at the end of 6 years is is $8577
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
r = 6% = 6/100 = 0.06
n = 4 because it was compounded 4 times in a year.
t = 6 years
Therefore,.
A = 6000(1+0.06/4)^4 × 6
A = 6000(1+0.015)^24
A = 6000(1.015)^24
A = $8577
7:56
Figure out what 7/3 is so you can multiply 24 by that number. Is is 2 1/3 so when you multiply 2 1/3 by 24 it gets you to 56 so the proportion is 7:56
Let y be Justin base pay, w% be commission,
y + w%*600=350-----(1)
y+w%*900= 425-----(2)
From equation (1),
y = 350- w%*600 = 350-6w-------(3)
Substitute equation (3) into (2),
350-6w+9w=425
3w = 425-350= 75
w= 25
y = 350-6w= 350-6(25)= 200
so the function is base pay +25%of merchandise
Final answer is $ (200 + 0.25x)
