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>
The median is 1 because that is the number in the middle
Answer:
Probably equal to 6 or 7.
Step-by-step explanation:
15.1 is close to 14 so then you have 14/7 which approximately = 2
When multiplying fractions just multiply the numerator and denominators together, then simplify the fraction you get.
To solve the addition problem, first convert 2 and 1/2 to an improper fraction. It should be 5/2. Now 3/8 and 5/2 must be added together.
To add these, they must have the same denominator. Let's give 5/2 a denominator of 8, so it matches 3/8.
To give 5/2 a denominator of 8, you are starting with a denominator of 2. 2 × 4 = 8, so you must multiply 5/2 by 4.
You should get 20/8. Now you have to add 20/8 and 3/8. The only thing you add is the numerator, so you should get 23/8 as a final answer.
For the subtraction problem, do these same steps to make the fractions you must subtract have the same denominator, then subtract only the numerator to get the answer. Once you solve the subtraction problem, text me what you got so I can check it for you. :)
