Let
x---------> the distance that the Parker family drive on the first day in miles
we know that
1.5*x=180
solve for x
x=(180/1.5)=120 miles
therefore
<u>the answer is</u>
the Parker family drive on the first day 120 miles
Answer:
The value of Ted's annuity at the end of eight years is $5318.3138.
Step-by-step explanation:
Given : Ted Williams made deposits of $500 at the end of each year for eight years. The rate is 8% compounded annually.
To find : The value of Ted's annuity at the end of eight years ?
Solution :
The future value of an ordinary annuity is given by,
![FV=C[\frac{(1+i)^n-1}{i}]](https://tex.z-dn.net/?f=FV%3DC%5B%5Cfrac%7B%281%2Bi%29%5En-1%7D%7Bi%7D%5D)
Where,
C is deposit amount C=$500
n is the number of payments n=8
i is the interest rate i=8%=0.08
Substitute the value in the formula,
![FV=500[\frac{(1+0.08)^{8}-1}{0.08}]](https://tex.z-dn.net/?f=FV%3D500%5B%5Cfrac%7B%281%2B0.08%29%5E%7B8%7D-1%7D%7B0.08%7D%5D)
![FV=500[\frac{(1.08)^{8}-1}{0.08}]](https://tex.z-dn.net/?f=FV%3D500%5B%5Cfrac%7B%281.08%29%5E%7B8%7D-1%7D%7B0.08%7D%5D)
![FV=500[\frac{0.8509}{0.08}]](https://tex.z-dn.net/?f=FV%3D500%5B%5Cfrac%7B0.8509%7D%7B0.08%7D%5D)
![FV=500[10.6366]](https://tex.z-dn.net/?f=FV%3D500%5B10.6366%5D)

Therefore, the value of Ted's annuity at the end of eight years is $5318.3138.
Answer: 97 students
Step-by-step explanation:
Simple! We need to split 388 into four equal parts, so
388 / 4 = 97
Hope this helps!
Answer:
It could be a rectangle with a length of 25 and a width of 15.
Step-by-step explanation:
Just basically multiply the ratio by common factor to create the rectangle dimensions.