Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Here, Equation: 4x + 2y = 4
Divide the equation by 2,
2x + y = 2
y = -2x + 2
Now, compare the equation with y = mx + c
Here, slope (m) = -2
In short, Your Answer would be -2
Hope this helps!
Answer:
x=7
Step-by-step explanation:
9x+20x+16+12x+10+7x-2=360
48x+24=360
48x=360-24
48 x=336
x=336/48=7
Apples to oranges = 2 to 3
total ratio = 2+3=5
number Of apples = 2/5 * 45
= 2*9 =18
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Answer:
Step-by-step explanation:
First box is 7x. second is 7+x,third is x-7 last is 2x +7
