Answer:
Option D.
3 equations with 3 variables
Step-by-step explanation:
The coordinates of a point in space must necessarily have 3 components. One to describe the distance on the x axis, another to describe the distance on the y axis to the point, and a third to describe the distance on the z axis.
If we have three variables, then 3 equations are needed to solve the system. With less than 3 equations it would be impossible to solver the system.
Therefore the correct answer is option D.
3 equations with 3 variables
The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
1/16 or 0.0625
Step-by-step explanation:
