The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
For every book Chloe read Peyton read 5
Step-by-step explanation:
Chloe : Peyton
11 : 55
Divide each by 11
11/11 : 55/11
1 : 5
For every book Chloe read Peyton read 5
Answer:
81
Step-by-step explanation:
Its a perfect square and 27*3=81
Step-by-step explanation:
stating the ratios as fractions, setting the two fractions equal to each other, cross-multiplying, and solving the resulting equation
Answer:
Option C. 
Step-by-step explanation:
we have
-----> equation A
-----> equation B
Solve the system of equations by graphing
Remember that the solution of the system of equations is the intersection point both graphs
The intersection point is (1,3)
see the attached figure
therefore
The solution of the system of equations is

Find the difference
