Answer:
3
Step-by-step explanation:
Answer:
$501,049.37
Step-by-step explanation:
For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:
Given that
PMT = $9,000
NPER = 22 years
Annual rate = 0.078
Quarterly= 0.078 ÷ 4 = 0.0195
Effective annual rate = (1.0195^4) - 1 = 0.0803113041
Now applied the formula which is given below
= -FV(RATE;NPER;PMT;PV)
After applying the above formula, the future value is $501,049.37
Answer:
In 6 months (at the fifth month they are equal in price)
Step-by-step explanation:
Set the month as x.
Plan A's equation: 8x + 25
Plan B's equation: 12x + 5
8x + 25 < 12x + 5
Solve.
-4x < -20
x > 5
In 6 months (at the fifth month they are equal in price)
1:equilateral
2:isosceles
3:scalene
4:right
5:acute
6:obtuse