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.
__
<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.
__
<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.
Answer:
its c
Step-by-step explanation:
The show received poor reviews from the critics.
6 grader anwserd
ANSWER
b=1, c=81, and d=9.
EXPLANATION
The given function is:

This function is the same as:

To find the inverse of this function, we interchange x and y.

Solve for y:

Take square root of both sides:


Hence,
b=1, c=81, and d=9.
X - 4 > 3
x - 4 + 4 > 3 + 4
x > 7
solution: x must be greater than 7