The balance in dollars and cents in Yolanda's account at the end of 4 years is $5,355.29
What is the future value of an ordinary?
An ordinary annuity is the one where the monthly deposit occurs at the end of each month rather than at the beginning of the months such its future value based on 5.5% annual interest rate can be determined thus:
FV=PMT*(1+r)^N-1/r
FV=balance in dollars and cents in Yolanda's account at the end of 4 years=unknown
PMT=monthly deposit=$100
r=monthly interest rate=5.5%/12=0.00458333333333333
N=number of monthly deposits in 4 years=4*12=48
FV=$100*(1+0.00458333333333333)^48-1/0.00458333333333333
FV=$5,355.29
Find out more about future value on:brainly.com/question/20187354
#SPJ1
Missing question:
What was the balance in dollars and cents in Yolanda's account at the end of 4 years?
A right triangle must have a 90 degree angle
Answer:
Frank earns $200.
His dad earns $800.
Step-by-step explanation:
Giving the following information:
His dad makes 4 times as much money as him each week. Each week their income adds up to 1.000 dollars.
<u>We know that:</u>
x= Franks income
4x= Dads income
y= total income
y= x + 4x
1,000= 5x
1,000/5=x
200=x
Frank earns $200.
His dad earns $800.
I think the anwser for this problem is 64
Yes 4.47 is a rational number
