Jason played golf at a rate of 6 holes in 24 minutes. How much longer would it take him to play 54 holes than 41 holes?
1 answer:
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The circle is closed and the graph is shaded to the right also there’s a negative on the x, you have to get rid of it first by dividing by -1 and then you switch direction of the less than or equal to greater than or equal because you divided by negative
Answer:
$501,049.37
Step-by-step explanation:
For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:
Given that
PMT = $9,000
NPER = 22 years
Annual rate = 0.078
Quarterly= 0.078 ÷ 4 = 0.0195
Effective annual rate = (1.0195^4) - 1 = 0.0803113041
Now applied the formula which is given below
= -FV(RATE;NPER;PMT;PV)
After applying the above formula, the future value is $501,049.37
