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The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
Answer: It’s 1
Explanation: it’s 1
In the problem it is already given that Weston Laundry washed 285.38 pounds of towel and 353.47 pounds of sheets from local hotels in 1 day. Firstly we have to find the total pounds of linens that Weston Laundry has washed in 7 days. Then only will it be possible to find the amount of linen washed in a day.
Then t
Total linen washed by Weston Laundry in 7 days = (285.38 + 353.47) pounds
= 638.85 pounds.
Then
The amount of linen washed by Weston Laundry in 1 day = 638.85/7
= 91.26 pounds
So Weston Laundry washed about 91.26 pounds of linen each day.
Answer:5,-3
Step-by-step explanation: