2. Pierre works full time and is paid an hourly rate of $12.50 for 35 hours a week. He is paid for 52
1 answer:
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Answer:
$138,345
Step-by-step explanation:
This is a compound decline problem, which will be solve by the compound formula:
Where
F is the future value (value of house at 2030, 14 years from 2016)
P is the present value ($245,000)
r is the rate of decline, in decimal (r = 4% = 4/100 = 0.04)
t is the time in years (2016 to 2030 is 14 years, so t = 14)
We substitute the known values and find F:
Rounding it up, it will be worth around $138,345 at 2030
Answer:
Step-by-step explanation:
<u>Arithmetic Sequences</u>
The arithmetic sequences are identified because any term n is obtained by adding or subtracting a fixed number to the previous term. That number is called the common difference.
The equation to calculate the nth term of an arithmetic sequence is:
Where
an = nth term
a1 = first term
r = common difference
n = number of the term
We are given the first terms of a sequence:
-12, -28, -44,...
Find the common difference by subtracting consecutive terms:
r = -28 - (-12) = -16
r = -44 - (-28) = -16
The first term is a1 = -12. Now we calculate the term n=61: