Future value of annuity due can be calculated using the following rule:
FVAD = FVOA x (1+r)
where:
FVAD is the future value of annuity due = $25,000
FVOA is future value of ordinary annuity = $24,000
r is the discount rate we want to calculate
Substitute with these givens in the above equation and get r as follows:
<span>$25,000 = $24,000 × (1 + r)
r = 0.0417 which is equivalent to 4.17%
</span>
Answer: b) 4.17%
Y = 3X .............................
Hey there!
Answer:
336.84%
3200 out of 950 is 336.84%
Solution:
3200 out of 950 is what %?
3200 out of 950 is P%
Equation: Y/X = P%
Solving our equation for P
P% = Y/X
P% = 3200/950
p = 3.3684
Convert decimal to percent:
P% = 3.3684 * 100 = 336.84%
He earns 2% commission for every car...and each car sells for 35,000....
so for every car, he earns (0.02(35000) = $ 700
700c = 5000
c = 5000/700
c = 7.14....so he would basically have to sell 8 cars because 7 cars wouldnt quite be enough
Step-by-step explanation:
This is an acute triangle
