First calculate the future value of the annuity
The formula to find the future value of an annuity ordinary is
Fv=pmt [((1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT quarterly payment 1500
R interest rate 0.12
K compounded quarterly 4
N time 4 years
Fv=1,500×(((1+0.12÷4)^(4×4)
−1)÷(0.12÷4))
=30,235.32
Now compare the amount of the annuity with amount of the gift
30,235.32−30,000=235.32
So as you can see the amount of the annuity is better than the amount of the gift by 235.32
Second offer is better
Hope it helps!
Answer:
Can u add the pic and I’ll answer it
Step-by-step explanation:
642,565 divided by 64 is 10040.08
Answer:
3/6
Step-by-step explanation:
The slope is how one number gets to the next, in this instance we have point (6,2) at x=6 y=2 to get from there to the next point x=9 y=8 we would have to count up three and over six. Therefore, the answer is 3/6.
Hope this helps!
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