Answer:
could you do the whole thing
Step-by-step explanation:
Answer:
Ans. the present value of $1,300/month, at 6.4% compounded monthly for 360 months (30 years) is $207,831.77
Step-by-step explanation:
Hi, first, we have to turn that 6.4% compound monthly rate into an effective rate, one that meets the units of the payment, in our case, effective monthly, that is:
![r(EffectiveMonthly)=\frac{r(CompMonthly)}{12} =\frac{0.063}{12} =0.005333](https://tex.z-dn.net/?f=r%28EffectiveMonthly%29%3D%5Cfrac%7Br%28CompMonthly%29%7D%7B12%7D%20%3D%5Cfrac%7B0.063%7D%7B12%7D%20%3D0.005333)
Therefore, our effective monthly rate is 0.5333%, and clearly the time of the investment is 30 years*12months=360 months.
Now, we need to use the following formula.
![Present Value=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }](https://tex.z-dn.net/?f=Present%20Value%3D%5Cfrac%7BA%28%281%2Br%29%5E%7Bn%7D-1%29%20%7D%7Br%281%2Br%29%5E%7Bn%7D%20%7D)
Everything should look like this.
![Present Value=\frac{1,300((1+0.005333)^{360}-1) }{0.005333(1+0.005333)^{360} }](https://tex.z-dn.net/?f=Present%20Value%3D%5Cfrac%7B1%2C300%28%281%2B0.005333%29%5E%7B360%7D-1%29%20%7D%7B0.005333%281%2B0.005333%29%5E%7B360%7D%20%7D)
Therefore
![PresentValue=207,831.77](https://tex.z-dn.net/?f=PresentValue%3D207%2C831.77)
Best of luck.
Square roots of 17^2-10^2
=13.74772708
= 13.7 the nearest tenth
2 + 4x + 5 = 0
4x + 2 + 5 = 0
4x + 7 = 0
4x = 0 - 7
4x = -7
x = <u> </u><u>-7</u><u> </u> ANSWER
4
<h3>PLEASE MARK ME AS BRAINLIEST </h3>
11 is like 11/1
so the reciprocal is 1/11 (just flip it)