F(r) = 60 - 2/3r r = 12
Substitute r for 12
f(12) = 60 - 2/3(12) 12 * 2/3 = 8
f(12) = 60 - 8
f(12) = <u /><em><u>52</u></em><em><u /></em>
52 is your answer
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-7 + 4(n-1). Use this and plug in 10 for n, making it
-7 + 4(9)
-7+36
29
A=Annual amount=2000
i=annual interest=0.0205
n=number of years=3
Present value
=A((1+i)^n-1)/(i(1+i)^n)
=2000(1.0205^3-1)/(.0205(1.0205^3))
=5762.15