The answer should be 16 you add 23.96 to both sides
Hi there
The formula of the future value of annuity due is
Fv=pmt [(1+r)^(n)-1)÷r]×(1+r)
Fv future value?
PMT payment 9000
R interest rate 0.04
N time 75−51=24 years
So
Fv=9,000×((((1+0.04)^(24)−1)
÷(0.04))×(1+0.04))
=365,813.17
It's c
Hope it helps
Kay has 35 and Kim have 20
you could either multiply straight away or you could simplify right then so that you wouldn't have to it later.
20/5 * 5/2
your answer would be 10 either way
