Since he is investing the same amount monthly, we have to apply annuity formula. And it is planned for the future. So that, we'll apply future value annuity formula. The formula is
![FV=A[ \frac{(1+ \frac{r}{s})^{Ns} -1 }{r} ]](https://tex.z-dn.net/?f=FV%3DA%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bs%7D%29%5E%7BNs%7D%20-1%20%7D%7Br%7D%20%5D)
, where A is the monthly payment, r is the percentage rate, s is 12 (monthly compound) and N is the time, which is 30. Plugging the numbers into the formula, we write that
![FV=155[ \frac{(1+ \frac{0.037}{12} )^{12*30} - 1 }{0.037} ]](https://tex.z-dn.net/?f=FV%3D155%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7B0.037%7D%7B12%7D%20%29%5E%7B12%2A30%7D%20-%201%20%7D%7B0.037%7D%20%20%5D)
= $8485.450857
Answer:
so the equation would look like this, x - 3 = 5
the number or x = 8
Step-by-step explanation:
8 - 3 = 5
Hope this helps! :)
Answer:
10
Step-by-step explanation:
df denote degree of freedom
here in question it is given that eleven different video games showing
so here n=11
we know that for calculation of degree of freedom
we can calculate degree of freedom if the sample size n is given degree of freedom is 1 less than sample space
so degree of freedom = sample size -1 =11-1 =10
so the value of degree of freedom that is df is 10
Answer:
k = (p -8)/3
Step-by-step explanation:
To solve for k, we undo what is done to it.
p = 3k +8 . . . . . given
p -8 = 3k . . . . . . subtract the added constant
(p -8)/3 = k . . . . . divide by the multiplier
The desired expression is ...
k = (p -8)/3
