Answer:
When using formulas in application, or memorizing them for tests, it is helpful to note the similarities and differences in the formulas so you don’t mix them up. Compare the formulas for savings annuities vs payout annuities.
Savings Annuity Payout Annuity
P
N
=
d
(
(
1
+
r
k
)
N
k
−
1
)
(
r
k
)
P
0
=
d
(
1
−
(
1
+
r
k
)
−
N
k
)
(
r
k
)
PAYOUT ANNUITY FORMULA
P
0
=
d
(
1
−
(
1
+
r
k
)
−
N
k
)
(
r
k
)
P0 is the balance in the account at the beginning (starting amount, or principal).
d is the regular withdrawal (the amount you take out each year, each month, etc.)
r is the annual interest rate (in decimal form. Example: 5% = 0.05)
k is the number of compounding periods in one year.
N is the number of years we plan to take withdrawals
Alright, so in order to solve this, we need to isolate the variable. So, we need to simplify the equation. So, we have the equation:
82•P = 84
So, we need to divide both sides by 82 because it is the opposite of multiplication. So, we have :
82•P/82 = 84/82
So, 82•P/82 = 1p = P.
84/82 = P
If You Need Decimal Form,
84/82 = About 1.02
Answer: $14
Step-by-step explanation:
Hi, to answer this question we have to multiply the amount of the cash advance (700) by the APR for cash advances in decimal form (divided by 100):
700 x (24/100) = $168 (a year)
To obtain the monthly charges, we have to divide the result by the number of months in a year (12):
168 /12 = $14
Feel free to ask for more if needed or if you did not understand something.
Answer:
minimum
Step-by-step explanation:
Given a quadratic function in vertex form
f(x) = a(x - h)² + k
• If a > 0 then f(x) is a minimum
• If a < 0 then f(x) is a maximum
f(x) = 0.25(2x - 15)² + 150 ← is in vertex form
with a = 0.25 > 0
Thus f(x) has a minimum turning point
Answer:
I think the second blank is 5 and the third blank is 2.
Input 1: Output 5
Input 5: Output 2
