To solve this we are going to use the future value of annuity due formula:
![FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n})^{kt}-1 }{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%2AP%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bkt%7D-1%20%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
where
is the future value
is the periodic deposit
is the interest rate in decimal form
is the number of times the interest is compounded per year
is the number of deposits per year
We know for our problem that
and
. To convert the interest rate to decimal form, we are going to divide the rate by 100%:
. Since Ruben makes the deposits every 6 months,
. The interest is compounded semiannually, so 2 times per year; therefore,
.
Lets replace the values in our formula:
![FV=(1+ \frac{0.1}{2} )*420[ \frac{(1+ \frac{0.1}{2})^{(2)(15)}-1 }{ \frac{01}{2} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7B0.1%7D%7B2%7D%20%29%2A420%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7B0.1%7D%7B2%7D%29%5E%7B%282%29%2815%29%7D-1%20%7D%7B%20%5Cfrac%7B01%7D%7B2%7D%20%7D%20%5D)
We can conclude that the correct answer is <span>
$29,299.53</span>
Answer:
f = -5, s = -6
Step-by-step explanation:
F= first number
S= second number
4f - s = -14
f + 3s = -23
3(4f - s = -14)
12f - 3s = -42
+ f + 3s = -23
13f = -65
————
13
f = -5
4f - s = -14
4(-5) - s = -14
-20 - s = -14
+20 +20
-s = 6
———
-1
s = -6
Answer:
1245
Step-by-step explanation:
Distribute the number 3 to each of the numbers in the second set of parentheses. Be careful to remember to add zeros to the number depending on which place holder the number is in.
Demonstration:
3 × 400
3 x 10
3 x 5
After solving each equation, add the total
1200 + 30 + 15 = 1245
4.8541019662497 + 1.8541019662497 = -3
<span>-4.8541019662497 x 1.8541019662497 = -9</span>
Here's the way I see it: 5 cards are drawn, one by one, without replacement. Half (or 26) of the original deck are black and half (26) are white.
P(5 are not black) = P(5 are red)
P(5 are not black) = P(first card is red) * P(second card is red) * P(third card is red)*P(fourth card is red)*P(fifth card is red) =
(26/52) * (25/51) * (24/50) * (23/49) * (22/48) = 0.025 (answer)
We start with 52 cards. We draw one, leaving 51 cards, 25 of which are red. And so on.
