Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer:
Step-by-step explanation:
1) Initial water level = 30 feet
2) Rate of change = (30 - 25) / (0 - 1) = 5/(-1) = -5
5ft per hour
3) y-intercept = 30
Answer:
-2
Step-by-step explanation:
hi! to find f(-3) on this graph, go to the x-value -3 and find the y-value there. when we look at -3 on the x-axis, we go down and see that there is a point at (-3,-2). therefore, f(-3)=-2.
Answer:
88 ft^2
Step-by-step explanation:
For a rectangular prism with dimensions 1 ft by 8 ft by 4 ft, there are two opposite faces with dimensions
<em>1 ft by 8 ft, </em>
two opposite faces with dimensions
<em>1 ft by 4 ft, </em>
and two opposite faces with dimensions
<em>4 ft by 8 ft.</em>
We find their area and add them.
SA = 2 * 1 ft * 8 ft + 2 * 1 ft * 4 ft + 2 * 4 ft * 8 ft
SA = 16 ft^2 + 8 ft^2 + 64 ft^2
SA = 88 ft^2
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