Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
IT IS Biodarmate physical access process in great Aphrodite in which is will be used when both the variable size will be multiplied with both
Answer:
2cm
Step-by-step explanation:
Answer:
1. It would be the second block. Bill reads 3 books EACH week. I know you’re looking for that X to be 1 but if you look 3 books x 5 weeks = 15 books and so on.
2. It would be the first block. Exactly on 6 weeks he reads 6 books meaning that by week 3 (which is half) he would have read haof the books (2). And same for week 12 you and another 4 which gets you 8 books.
3. It’s the last block. On week 12 he read 4 books. Half of 12 is 6 so it would be half books and week 3 is half of that which is 1 book per 3 weeks.
4. Is the third block. (Process of elimination lol) but also easily you can find the rate of each week by dividing the 15 books by 10 weeks which gets you 1.5 books read per week
Answer:
y=-2/3x-3 is the equation in slope intercept form
Step-by-step explanation:
Hope this helps (:
