Answer:
This is not descriptive at all..?
Step-by-step explanation:
We need a real question.
To solve this we are going to use the future value of annuity due formula:
![FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n})^{kt}-1 }{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%2AP%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bkt%7D-1%20%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
where

is the future value

is the periodic deposit

is the interest rate in decimal form

is the number of times the interest is compounded per year

is the number of deposits per year
We know for our problem that

and

. To convert the interest rate to decimal form, we are going to divide the rate by 100%:

. Since Ruben makes the deposits every 6 months,

. The interest is compounded semiannually, so 2 times per year; therefore,

.
Lets replace the values in our formula:
![FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n})^{kt}-1 }{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%2AP%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bkt%7D-1%20%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
![FV=(1+ \frac{0.1}{2} )*420[ \frac{(1+ \frac{0.1}{2})^{(2)(15)}-1 }{ \frac{01}{2} } ]](https://tex.z-dn.net/?f=FV%3D%281%2B%20%5Cfrac%7B0.1%7D%7B2%7D%20%29%2A420%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7B0.1%7D%7B2%7D%29%5E%7B%282%29%2815%29%7D-1%20%7D%7B%20%5Cfrac%7B01%7D%7B2%7D%20%7D%20%5D)
We can conclude that the correct answer is <span>
$29,299.53</span>
It is given that:
Monthly Rent = A
Total Money Paid to Landlord = Y
The landlord requires initial payment to include:
- 1st month's rent
month's rent or 50% of monthly rent for Security Deposit- 40% of monthly rent for utility bills
- 5% of monthly rent for health club
- 13% of monthly rent per person for other services
Also, Total Amount Paid to the Landlord = $2574
Number of People Sharing the Apartment = 3
Basis the above information,
Y = (100% * A) + (50% * A) + (40% * A) + (5% * A) + (13% * A * 3)
⇒ Y = A + (0.5 * A) + (0.4 * A) + (0.05 * A) + (0.39 * A)
⇒ Y = A + (0.5 * A) + (0.4 * A) + (0.05 * A) + (0.39 * A)
⇒ Y = 2.34 * A
Substituting the value of Y to determine A
⇒ 2,574 = 2.34 * A
⇒ A = 1,100
Hence, the monthly rent is $1,100
here's the solution,
- n = 11
- a = 5 ( a = first term )
- d = 6 ( d = common difference )
we know,
=》

=》

=》

=》

=》

nth term ( 11th term ) = 65