The formula of the future value of annuity ordinary
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value
Pmt payment
R interest rate 0.0425
K compounded monthly 12
N time 10 years
If the payment 150
Fv=150×(((1+0.0425÷12)^(12
×10)−1)÷(0.0425÷12))
=22,381.089
If the payment 200
Fv=200×(((1+0.0425÷12)^(12
×10)−1)÷(0.0425÷12))
=29,841.452
How much more
29,841.45−22,381.09
=7,460.36
The answer would be 152 with a remainder of 1
Answer:21
Step-by-step explanation:
I think the answer is letter c
Answer:
the students enroll is 4,200
Step-by-step explanation:
The computation of the students enroll is shown below:
= Number of students × applied percentage × enrolled percentage
= 30,000 × 40% × 35%
= 4,200
hence, the students enroll is 4,200
