$15 + $32.50 + 8% = $51.30
15 + 32.50 = 47.50
8% × 47.50 = 3.80
47.50 + 3.80 = 51.30
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:
So first we need to find the area of the trash can so here is the math:
The formula:
A=LxW
Replace the letters with numbers:
8=2x4
So the area is 8 feet now we can create an equation to solve how much money it would take to make the trash can:
8x0.79=$6.32
It would take $6.32 to make the trash can
Answer:
X= 15
Step-by-step explanation:
multiply 5 on x/5 and 9
divide 3 and 45
x=15
