What is 43.586 rounded to the nearest tenth,hundreth,and one
1 answer:
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Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>The future value of the annuity due is $66,184.15.
<h3>b)</h3>The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Answer:
The value is
Step-by-step explanation:
From the question we are told that
The capacity of the metal tank is
The duration usage is
The cost of 2000-gallon tank 15 years ago is
The capacity of the second tank considered is
The power sizing exponent is
The initial construction cost index is
The new construction after 15 years cost index is
Equation for the power sizing exponent is mathematically represented as
=> Here is the cost of 5,000-gallon tank as at 15 years ago
So
Equation for the cost index exponent is mathematically represented as
Here is the cost of 5,000-gallon tank today
So
=>
=>