Answer:
interest earned= 292.878
the future value of an annuity= 892.878
Step-by-step explanation:
Given Data:
Interest rate= 5%
time,t = 8 years
Quarterly payment, P= 600
n= 4 as quarterly
At the end of 8 years, final investment A= ?
As per the interest formula
A= P(1+r/n)^nt
= 600(1+0.05/4)^32
= 892.878
Interest earned = A-P
= 892.878-600
= 292.878 !
Your answer's 25
You have to divide 125 times 5 to get your answer of 25
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Hope this helps</u></h2>
I am not sure but wouldn't it be y=3x-6 and y=4x-7
Answer:
p = - 9
Step-by-step explanation:
Given
- 1 + 5p = - 10 + 4p ( subtract 4p from both sides )
- 1 + p = - 10 ( add 1 to both sides )
p = - 9