Answer:
Future value of annuity (FV) = $13,782.12 (Approx)
Step-by-step explanation:
Given:
Periodic payment p = $500
Interest rate r = 13% = 13%/4 = 0.0325 (Quarterly)
Number of period n = 5 x 4 = 20 quarter
Find:
Future value of annuity (FV)
Computation:
![Future\ value\ of\ annuity\ (FV)=p[\frac{(1+r)^n-1}{r} ] \\\\Future\ value\ of\ annuity\ (FV)=500[\frac{(1+0.0325)^{20}-1}{0.0325} ] \\\\Future\ value\ of\ annuity\ (FV)=13,782.1219 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3Dp%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D500%5B%5Cfrac%7B%281%2B0.0325%29%5E%7B20%7D-1%7D%7B0.0325%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D13%2C782.1219%20%5C%5C%5C%5C)
Future value of annuity (FV) = $13,782.12 (Approx)
They are not equivalent.
24/6= 4,
4/2=2
6/24= 0.25,
0.25/2= 0.125
2 does not equal 0.125
Final answer: Not equivalent
Answer:
a = 4h.
Step-by-step explanation:
Area (a) = base (b) * height (h).
When h = 2, a = 8:
a = bh
6 = 2b
b = 4
The result 4 is the same for h = 5, 7 and 12.
So the required equation is
a = 4h.
Answer:
the number is 31.2
Step-by-step explanation:
Given that:
1/2x-19.7=-4.1
Adding 19.7 on both sides:
1/2x-19.7 + 19.7=-4.1 + 19.7
1/2x = 15.6
Multiplying both sides by 2:
x = 15.6 * 2
x = 31.2
So the number is 31.2
i hope it will help you!
Answer:
B. $3100
Step-by-step explanation:
if he's going to pay for his friend. The least expensive dinner menu is $725, for him and his friend it would be $1450. Then for the movie tickets it's $8.00 each, $16.00. $1450+$16.00=$30.50. Round that to the closest whole number, $3100.
