In order to find this you have to set i by itself first we will subtravt 40 from both sides(because 40 is s positive and in order to get rid of a positive you have to use a negative) now we have -40=5i, now divide 5 from both sides to get i=-8, that is what Terry will be givng from tip
Hope this helps
Answer:
future value = $49163.8
so required amount will be $491200 nearest $100
Step-by-step explanation:
given data
annual interest rate = 6 %
annuity = $300 per month
time period = 10 years
to find out
how much money will they have for the college expenses
solution
we know that effective rate will be
effective rate = 
effective rate = 5 × 
number of payment = 12 × 10 = 120
so future value will be express as
future value = annuity ×
.........1
future value = 300 × 
future value = 300 × 163.8793
future value = $49163.8
so required amount will be $491200 nearest $100
Here is my table of points:
Answer:
ig the answer is 195 kilometers apart from each other cuz 15x13=195