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.
K= 52!!
hoped this helped .
Answer:
(4,-2.5)
Step-by-step explanation:
because you move to the right it is a positive x-axis point and since you are moving down it is a negative y- axis point
Answer: The speed of the motorboat is 70 miles per hour
Step-by-step explanation: Subtract the initial distance, 35, from the distance at any given time, then divide the remainder by the hours.
For example, at 2 hours, the distance shown on the graph is 175 miles
Subtract: 175 -35 = 140. Then divide 140/2 = 70
At 4 hours, the distance shown is 315 miles.
Subtract: 315 - 35 = 280. Then divide 280/4 = 70
70 mph is the speed.
Answer:
The slope for the line is 2