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Sonja [21]
3 years ago
13

Find the value of annuity if the periodic deposit is $400 at 4% compounded monthly for 18 years

Mathematics
1 answer:
vlada-n [284]3 years ago
6 0

Answer:

~820.8$

Step-by-step explanation:

The total money (M) after 18 years could be calculated by:

M = principal x (1 + rate)^time

with

principal = 400$

rate = 4% compounded monthly = 0.04/12

time = 18 years = 18 x 12 = 216 months (because of compounded monthly rate)

=> M = 400 x (1 + 0.04/12)^216 = ~820.8$

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Dimas [21]

The linear function that describes Juan's elevation during his descent is:

B. y = -1460x + 7500.

<h3>What is a linear function?</h3>

A linear function is modeled by:

y = mx + b

In which:

  • m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
  • b is the y-intercept, which is the value of y when x = 0, and can also be interpreted as the initial value of the function.

In this problem, each hour, the height decays by 1460, hence the slope is of m = -1460, then:

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The y-intercept is found considering that when x = 1, y = 6040, hence:

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Which means that option B is correct.

More can be learned about linear functions at brainly.com/question/24808124

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2 years ago
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Whenever there is no exponent on a variable,

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When we multiply two terms together

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3 0
3 years ago
How many 1/3 cup servings of juice are in a 5 cup container
vesna_86 [32]

Answer:

We can get 15  (1/3 cup) servings with a 5 cup container

Step-by-step explanation:

To solve this problem, we can easily divide 5 by (1/3)  to find how many servings can be obtained

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= 15

This can be checked by adding together (1/3) fifteen times

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= 15/3  = 5

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3 years ago
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3 years ago
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