First calculate the future value of the annuity
The formula to find the future value of an annuity ordinary is
Fv=pmt [((1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT quarterly payment 1500
R interest rate 0.12
K compounded quarterly 4
N time 4 years
Fv=1,500×(((1+0.12÷4)^(4×4)
−1)÷(0.12÷4))
=30,235.32
Now compare the amount of the annuity with amount of the gift
30,235.32−30,000=235.32
So as you can see the amount of the annuity is better than the amount of the gift by 235.32
Second offer is better
Hope it helps!
Its <span>isosceles triangle</span>
Answer: (You have to do a tiny bit of work, but im practically giving you the answer)
Step-by-step explanation: We’re trying to find out how many gallons of gas it takes to drive 1 mile.
1. So, 8 divided by 272= 0.02941176
2. Simplify 0.02941176 and you have your answer!
Okay so $14,000 is the equivalent of 6/5ths
so divide $14,000 by 6= $2333.3r
you need 5/5
so $2333.3r x 5 = $11666.67
this is the original price