Answer:
$2502.60
Step-by-step explanation:
The formula for the amount of an annuity due is ...
A = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
where P is the monthly payment (100), r is the annual interest rate (.04), n is the number of compoundings per year (12), and t is the number of years (2). Given these numbers, the formula evaluates to ...
A = $100(1.00333333)(1.00333333^24 -1)/0.00333333
= $100(301)(0.08314296)
= $2502.60
_____
This value is confirmed by a financial calculator. The given answer choices all appear to be incorrect. The closest one corresponds to an annual interest rate (APR) of 4.286%, not 4%.
Answer:
-17
Step-by-step explanation:
You subtract $45 from $28 and get a negative number
D
Step-by-step explanation:
the mean is the average of the set of numbers, which makes it perfect for summarizing data.
Answer: 39
Step-by-step explanation:
x(z+3)+1+3-y
plug in the values given for each variable
6(2+3)+1+3-(-5)
use pemdas to solve
6(5)+1+3+5
30+1+3+5
31+8
39
