First calculate the future value of the annuity
The formula to find the future value of an annuity ordinary is
Fv=pmt [((1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT quarterly payment 1500
R interest rate 0.12
K compounded quarterly 4
N time 4 years
Fv=1,500×(((1+0.12÷4)^(4×4)
−1)÷(0.12÷4))
=30,235.32
Now compare the amount of the annuity with amount of the gift
30,235.32−30,000=235.32
So as you can see the amount of the annuity is better than the amount of the gift by 235.32
Second offer is better
Hope it helps!
Step-by-step explanation:
<em>2</em><em>+</em><em>1</em><em>9</em><em>=</em><em>7x</em>
<em>2</em><em>1</em><em>=</em><em>7x</em>
<em>21</em><em>÷</em><em>7</em><em>=</em><em>7x</em><em>÷</em><em>7</em>
<em>3</em><em>=</em><em>x</em>
<em>.</em><em>.</em>
Using the given equation y-3 = 3/4(x+2)
Give Y a value and then solve for x:
If y = 0 the equation is now:
0 -3 = 3/4(x+2)
Solve for x:
-3 = 3/4x + 1.5
-4.5 = 3/4x
x = -4.5 / 3/4
x = -6
So the first point would be (-6,0)
Now make x 0 and solve for y:
y -3 = 3/4(0+2)
y-3 = 0 + 1.5
y = 4.5
So the 2nd point would be (0,4.5)
You are close, but the dot you have on y=4, needs to be moved up to 4.5.
This should be easy because we just have to use substitution method. Substitute the value of x from the second equation into the x of the first equation.
-4(2y) + 11y = 15
-8y + 11y = 15
3y = 15 ; y = 5
Substitute this value of y to either the first or second equation.
x = 2(5) = 10
The ordered pair is therefore (10,5).
(18 neclaces)/(12 days) = 1.5 necklaces/day
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Rate is generally expressed in terms of quantity per time period. ("Per" means "divided by" here.) So, to find the rate, you divide the quantity by the corresponding time period, as above. There are other sorts of rates, but this is perhaps the most common.
