Which of the following has the greatest value w-x, w+x. x-w. XxW
1 answer:
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Answer:
future value = $49163.8
so required amount will be $491200 nearest $100
Step-by-step explanation:
given data
annual interest rate = 6 %
annuity = $300 per month
time period = 10 years
to find out
how much money will they have for the college expenses
solution
we know that effective rate will be
effective rate =
effective rate = 5 ×
number of payment = 12 × 10 = 120
so future value will be express as
future value = annuity × .........1
future value = 300 ×
future value = 300 × 163.8793
future value = $49163.8
so required amount will be $491200 nearest $100
Answer (<u>assuming it can be in point-slope form)</u>:
Step-by-step explanation:
Use the point-slope formula to write the equation of the line. Substitute real values for
,
, and
in the formula.
Since represents the slope, substitute 1 in its place. Since
and
represent the x and y values of a point the line intersects, substitute the x and y values of (4,3) in its place. Substitute 4 for
and 3 for
. This gives the following equation and answer in point-slope form: