The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
To evaluate the given expression, we must follow the rules of PEMDAS (Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction) in solving.
Therefore, first calculate what's inside the parentheses:
(1619.2) / (8194.23)
Then perform the operation in between the parentheses:
<span>(1619.2) / (8194.23) = 0.20
</span>
Therefore the answer after evaluating the expression is 0.20.
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Answer:
200
Step-by-step explanation:
(80×20)/8
y is equal to 200
Answer:
Step-by-step explanation: