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krok68 [10]
4 years ago
8

Amelia rented a DVD and it was due to be returned on 26 November. She actually returned it to the shop on 12 December. The renta

l shop applies a fine of 9p for every day the DVD is overdue.
Work out the total fine paid by Amelia. Give your answer in £
Mathematics
1 answer:
Radda [10]4 years ago
7 0

Answer:

Total fine paid by Amelia =  £1.44

Step-by-step explanation:

Given that:

Number of days = 27 November to 12 December

Number of days = 16 days

Per day fine = 9p

Total fine = Per day fine * Number of days

Total fine = 9 * 16

Total fine = 144p

1£ = 100p

144p = \frac{144}{100}

144p = £1.44

Hence,

Total fine paid by Amelia =  £1.44

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Answer:

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$535,528.03

Since the semiannual withdrawals will be made for 35 years, the annuity will have two payments per year.

You may use a financial calculator to calculate the balance that will match the present value of your annuity distributions when you retire. The following are the inputs:

N = 35*2 = 70 semi-annual withdrawals total time

I/Y = 4.5 percent /2 = 2.25 percent semi-annual interest rate

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Enter the functions to find PV: CPT PV = 535,528.026

As a result, the person will need $535,528.03 in cash.

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