Answer:
$509
Explanation:
First, we find the lump sum to pay under the bank terms. The interest rate is 0.5% monthly, which is equivalent to 6.2% annually.
The formula is:
Where:
- P = Present value
- i = interest rate
- n = number of compounding periods of the interest rate
- X = lump sum we need to find
Now, we simply plug the amounts into the formula:
Next, we find the value of the lump sum under the company's preferred terms:
Finally, we susbtract the two figures to find the difference:
It should be noted that a volcanic arc results from ridgeconvergent while tectonic movements and is associated with mid ocean ridge.
<h3>What is a volcanic arc ?</h3>
A volcanic arc can be regarded as a chain of volcanoes, which some miles long and it is usually formed above a subduction zone.
Learn more about volcanic arc at;
brainly.com/question/16625756
Answer:
download Socratic and all you do is take a picture of the question and it gives the answer to you
Answer:
A. Water
Explanation:
Seeds only germinate when rains occur, so death by dehydration less likely
