Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer: the total cost of the nightstand is $22
Step-by-step explanation:
The original price of the night stand is $50. If the original price of the night stand was marked down by 60%, it means that the amount of money by which it was reduced would be
60/100 × 50 = 0.6 × 50 = 30
The new selling price would be
50 - 30 = $20
If she paid 10% sales tax,the amount of tax paid would be
10/100 × 20 = 0.1 × 20 = 2
Therefore, the total cost of the nightstand would be
20 + 2 = $22
Answer:
C. 0.300 s.
53
11 + x
Step-by-step explanation:
brainest plz
Picture needed. not enough info
Answer: $23.10
Step-by-step explanation:
18/3 = 6
3.85 x 6 = $23.10
