The awnser is 0.000833333333
The ordinary annuity and annuity due as required in the task content are; $126,498.08 and $135, 431.43 respectively.
<h3>What is the annuity due?</h3>
a) The amount which would be in the account in 25 years can be evaluated by means of the annuity factor obtained from the table under column 7% and row 25 years and hence, the value in 25 years would be; $2,000 × 63.24904
= $126,498.08.
b) For the annuity due case; the future value is;
= (1+0.07) × $2000((1+0.07)^(25) - 1)/0.07
= (1.07) × $2000(5.43-1)/0.07
= $135, 431.43.
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Step-by-step explanation:
The equation of the line is y = 3x - 6 (D).
Answer: The store sold 288 tapes last month.
Step-by-step explanation:
Let the number of CDs be x , then the number of tapes is given by the expression : 4x
Also, the total quantity of these two items sold was 360.
Now, we have the following equation :-
The number of CDs sold in last month = 72
The number of tapes sold in last month =
Hence, the store sold 288 tapes last month.