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stich3 [128]
3 years ago
9

Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $175 monthly payment, 7% interest, 11 ye

ars
Mathematics
1 answer:
pickupchik [31]3 years ago
3 0

Answer:

The future value of the annuity due to the nearest cent is $2956.

Step-by-step explanation:

Consider the provided information:

It is provided that monthly payment is $175, interest is 7% and time is 11 years.

The formula for the future value of the annuity due is:

FV of Annuity Due = (1+r)\times P[\frac{(1+r)^{n}-1}{r}]

Now, substitute <em>P</em> = 175, <em>r</em> = 0.07 and <em>t</em> = 11 in above formula.

FV of Annuity Due = (1+0.07)\times 175[\frac{(1+0.07)^{11}-1}{0.07}]

FV of Annuity Due = (1.07)\times 175[\frac{1.10485}{0.07}]

FV of Annuity Due = 187.5(15.7835)

FV of Annuity Due = 2955.4789

Hence, the future value of the annuity due to the nearest cent is $2956.

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3 years ago
a person bought 8 items at a market and received $8 in change. if each item was priced at $4, how much did the person give the v
mariarad [96]

If a person bought 8 items and each item was priced at $4, that means the total amount spent was $32.

(8)(4)=32

The person received 8 dollars in change. This means that the person payed 8 dollars more than what they spent. Well, we just found out how much they spent, so we can find out how much money the person gave the vendor.

Let p = amount of money paid by the person.

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3 years ago
Help Me Please!!!!1
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Answer:

The space inside the box = 2197 in³ - 1436.76 in³ is 760.245 in³.

Step-by-step explanation:

Here we have the volume of the cube box given by the following relation;

Volume of cube = Length. L × Breadth, B × Height, h

However, in a cube  Length. L =  Breadth, B = Height, h

Therefore, volume of cube = L×L×L = 13³ = 2197 in³

Volume of the basketball is given by the volume of a sphere as follows;

Volume = \frac{4}{3} \pi r^3

Where:

r = Radius = Diameter/2 = 14/2 = 7in

∴ Volume of the basketball = \frac{4}{3} \times  \pi \times 7^3 = 1436.76 \ in^3

Therefore, the space inside the box that is not taken up by the basketball is found by subtracting the volume of the basketball from the volume of the cube box, thus;

The space inside the box = 2197 in³ - 1436.76 in³ = 760.245 in³.

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3 years ago
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eimsori [14]

Answer:

y = 70 and x = 20

Step-by-step explanation:

180 - 40 = 140

140/2 = 70

70 + 90 = 160

180 - 160 = 20

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3 years ago
5x + qy, when x=8,y=11
Nataliya [291]

Answer:

40+11q

Step-by-step explanation:

5x+qy

5(8)+q(11)=40+11q

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3 years ago
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