I presume you're talking about number 3?
Solution
I = prt (I being the interest)
I =
I = 1,250$
Don’t listen to any link scams
The formula of the future value of annuity due is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]×(1+r/k)
Fv future value 1250675
PMT semiannual payment?
R interest rate 0.045
K compounded semiannual 2
N time 30 years
Solve the formula for PMT
PMT=Fv÷ [(1+r/k)^(kn)-1)÷(r/k)]×(1+r/k) Plug in the formula
PMT=1,250,675÷((((1+0.045
÷2)^(2×30)−1)÷(0.045÷2))×(1+0.045÷2))
=9,828.44...Answer
Hope it helps!
is the largest number out of the choices so it will appear furthest to the right of a number line.
It should be 0.025
None of the answers are correct
