The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
To solve this question, first cross multiply
Let ? = x
4/9 = x/81
4(81) = 9(x)
Simplify.
81 x 4 = 324
324 = 9x
Isolate the x, divide 9 from both sides
324/9 = 9x/9
x = 324/9
x = 36
4/9 = 36/81
36 is your answer
hope this helps!
Answer:
A) is correct
Step-by-step explanation:
7/8*8/9 = (7*8)/(8*9)
Since we have an 8 both above and below, we can erase it, and so the answer is 7/9