The present worth of the boat is $8825. The interest rate is 10.2% and it's not stated whether or not the interest is nominal, so we assume it's annual and effective. We use the formula:
F = P (1 + i)^n
where F is the future worth
P is the present worth
i is the effective annual interest rate
n is the number of years
Substituting:
F = 8825(1 + 0.102)^3
F = 11810.26
The future worth of the boat is
$11,810.26
Answer:
0
Step-by-step explanation:
Answer:
The snail will reach the top of the coconut in 18 hours.
Step-by-step explanation:
If the snail will climb 2 meters in 1 hour but it will slip down one meter for every 2 meters climbed, then the distance traveled will be:
Since in 1 hour, it climbs 2 meters minus 1 meter, the time in which the snail will reach the top is:
Therefore, the snail will reach the top of the coconut in 18 hours.
I hope it helps you!
Please explain more to the question where do the numbers go