The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
Correct Answer - It shows the unit rate of the graph in miles per hour.
Step-by-step explanation:
hope this helps
Answer:
Step-by-step explanation:
According to the table, each value of y (dependent variable) is twice the corresponding value of x (independent variable).
This can be shown as
Correct choice is 2 times
Answer:
Hundreds: 900 Tens: 40 Ones: 3
Step-by-step explanation:
I hope this helps :)
Answer:
The correct answer is 1/36
Step-by-step explanation:
