First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
Answer:
423 miles and that was found by subtracting 750 from 1000 and dividing that by 0.59
Answer:
Parallel lines are lines in a plane that are always the same distance apart. Parallel lines never intersect. Perpendicular lines are lines that intersect at a right (90 degrees) angle.
Step-by-step explanation:
Answer:
25 minutes
Step-by-step explanation:
he runs 4 laps in 8 minutes
so he runs 1 lap is 8/4 = 2 minutes
Therefore he rub 12.5 laps in 2 * 12.5 = 25 minutes
