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.
Learn more about annuity on:
brainly.com/question/5303391
#SPJ1
Answer:
D. 2 and 3 only
Step-by-step explanation:
I took the test. I am in Honors Geometry.
You should calculate( the area of a circle of radius 15 cm ) minus the area of the circle of radius (15 cm - width of the frame). I am not able to read the number, sorry.
That is the surface area of the frame.
Then, if area of circle radius is 100%, the % of face of the clock is:
(100xareaCircle(15cm-widthframe))/areaCircle15cm
The circles B and D are similar since the radius of the former is as twice as the radius of the latter.
<h3>Are the two circles shown in the figure similar?</h3>
By geometry we know that circles are defined by only one characteristic: radius. If two circles are similar, then the radii must be <em>different</em>. After a quick look at the figure, we conclude that the radii are
and
. Hence, the circles B and D are similar since the radius of the former is as twice as the radius of the latter.
To learn more on similarity: brainly.com/question/12670209
#SPJ1