Answer:
$2647.18
Step-by-step explanation:
Data provided in the question:
Rate = 9% compounded quarterly
interest rate per period, i = 9% ÷ 4 = 2.25% = 0.0225
Future value = $43,000
Time = 3.5 years
Number of periods, = 3.5 × 4 = 14
Now,
Let the annual payments be 'A'
Thus,
Future value = A × [ (1 + i)ⁿ - 1 ) ÷ i ]
or
$43,000 = A × [ (1 + 0.0225)¹⁴ - 1 ) ÷ 0.0225 ]
or
$43,000 = A × 16.244
or
A = $2647.18
The answer would be 37.4 because 10% of 34 would be 3.4 and 3.4 plus 34 would be 37.4
Answer:
x=1+4/5 this is the answer i think
Answer in the attachment.
Answer:he can read 1 and 3/12 or 15/12 books in an hour.
Step-by-step explanation:
