Answer:
Future value of annuity (FV) = $13,782.12 (Approx)
Step-by-step explanation:
Given:
Periodic payment p = $500
Interest rate r = 13% = 13%/4 = 0.0325 (Quarterly)
Number of period n = 5 x 4 = 20 quarter
Find:
Future value of annuity (FV)
Computation:
![Future\ value\ of\ annuity\ (FV)=p[\frac{(1+r)^n-1}{r} ] \\\\Future\ value\ of\ annuity\ (FV)=500[\frac{(1+0.0325)^{20}-1}{0.0325} ] \\\\Future\ value\ of\ annuity\ (FV)=13,782.1219 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3Dp%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D500%5B%5Cfrac%7B%281%2B0.0325%29%5E%7B20%7D-1%7D%7B0.0325%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D13%2C782.1219%20%5C%5C%5C%5C)
Future value of annuity (FV) = $13,782.12 (Approx)
Answer:
The numbers are 0 12345
Step-by-step explanation:
Answer:
Step-by-step explanation:
3
Answer:
Step-by-step explanation:
First, we need to write down the equations so we can have a vision of the equations.
3x - 6y = -12
x - 2y = -8
Now we find the simpler equation, and we make it to where one of the variables is on one side.
Let's use the bottom equation.
x = 2y - 8
Now we plug in the equation to the other equation.
3(2y - 8) - 6y = -12
6y - 24 - 6y = -12
-24 = -12
0 = 12
This is a false statement. 0 does not equal 12. That means that the equation has no solutions.
