The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
Answer:
24 ounces
Step-by-step explanation:
the math is.
.681÷ .454= 1.5 which is in pounds than you take 16÷2= 8 take that 8 add it to the 16 giving you 24 ounces
Answer:
no i think you are just unlucky :)
Step-by-step explanation:
Answer:
The steps will be :
1. Draw both equations into the graph.
2. Look for the coordinates where they intersect(curve and line crosses each other). So the coordinates will be (-2,0) and (3,5).
3. The x-value of the coordinates will the solution to the equations.
4. Therefore, the answer will be -2 and 3.
