Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
If you find the least common denominator, that is 143. Then, you convert 2/13=22/143 and 1/11=13/143. Next, subtract 22/143-13/143=9/143 which is B
Please learn your fractions :/ they’ll be useful for the future, trust me. If you need further help to understand, idk if there is a PM feature here but if there is feel free. But I have answered 3 fraction questions for you within this hour and it’s under the high school level category??? Thank you and have a nice night.
Can you please translate this so I can answer your question
3x - 2y = 1
2x + 2y = 4
Add the second equation to the first
5x = 5
2x + 2y = 4
Divide the first equation by 5
x = 1
2x + 2y = 4
Subtract the first equation from the second
x = 1
x + 2y = 3
Subtract the first equation from the second again
x = 1
2y = 2
Divide the second equation by 2
x = 1
y = 1
<h3>
So, the solution is x = 1 and y = 1 {or: (1, 1)} </h3>
Answer:
15, 5, 5/3, 5/9, 5/27
Step-by-step explanation:
Recall, that the general form of a geometric series is
a, ar, ar², ar³, .........
where a is the first term and r is the ratio
It is given that the first time is 15, hence a = 15
also given that ratio is 1/3
hence the first 5 terms are:
15, (15)(1/3), (15)(1/3)^2, (15)(1/3)^3, (15)(1/3)^4
simplifying each term gives
15, 5, 5/3, 5/9, 5/27
