In step 3, you added 8x onto the other side instead of subtracting it from 15x.
<span>b) consistent and independent</span>
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT payment 6200
r interest rate 0.06
K compounded semiannual 2
N time 5 years
Fv=6,200×(((1+0.06÷2)^(2×5)) ÷(0.06÷2))=277,742.72
Hope it helps
Answer:
1:1.5 or 2:3 or 4:6 or 8:12, etc. is the ratio
Step-by-step explanation: