Answer:
$501,049.37
Step-by-step explanation:
For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:
Given that
PMT = $9,000
NPER = 22 years
Annual rate = 0.078
Quarterly= 0.078 ÷ 4 = 0.0195
Effective annual rate = (1.0195^4) - 1 = 0.0803113041
Now applied the formula which is given below
= -FV(RATE;NPER;PMT;PV)
After applying the above formula, the future value is $501,049.37
Answer: Growth factor will be 0.15 and percent increase will be 15%.
Step-by-step explanation:
Since we have given that
the exponential growth function
1) We need to find the growth factor :
As we know the formula for "Compound Interest ":
If we compare the formula with our given equation, we get
So, the growth factor is at the rate of 0.15.
2) Percent increase will be
Hence, growth factor will be 0.15 and percent increase will be 15%.
Answer:
It would take a PlayStation 5 and 2 games to equal an Xbox and 10 games.
Step-by-step explanation:
I made a list that increase in the increments of the game price.
Something like this:
900—400~consoles alone
950—460~1 game
1000–520~2 games
1050—580~3 games
1100—640~4 games
1150—700~5 games
1200—760~6 games
1250—820~7 games
1300—880~8 games
1350—940~9 games
1400—1000~10 games
Left side is PlayStation 5 and right side is Xbox. The first row is the price of the consoles alone and then each row after that is the price of the console with an additional game. As you can see, the third row down on the left, the PlayStation 5 with 2 games is $1,000. If you look at the eleventh row on the right, you can see that Xbox with 10 games is also $1,000
Answer: b
Step-by-step explanation:
