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.
Learn more about annuity on:
brainly.com/question/5303391
#SPJ1
Answer:
WHAT IS LESSON 25 BRO
Step-by-step explanation:
7g + 3g - 10 + 3 = 43
(first combine likes terms)
10g - 7 = 43
(then add 7 to both sides)
10g - 7 = 43
+7 +7
10g = 50
(then divide by 10 to get what g is equal to)
10g = 50
/10 /10
g = 5
Answer:
5
Step-by-step explanation:
magnitude of the vector
=√(3²+4²)
=√25
=5
Answer:
( l+w)
Step-by-step explanation:
just did the question
