The formula of the future value of annuity ordinary
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value
Pmt payment
R interest rate 0.0425
K compounded monthly 12
N time 10 years
If the payment 150
Fv=150×(((1+0.0425÷12)^(12
×10)−1)÷(0.0425÷12))
=22,381.089
If the payment 200
Fv=200×(((1+0.0425÷12)^(12
×10)−1)÷(0.0425÷12))
=29,841.452
How much more
29,841.45−22,381.09
=7,460.36
Answer:
6
Step-by-step explanation:
3,503,832.97 hope this helps! :)
Write the numerator 5 as 5*1
So we have 5/6 = (5*1)/6
We can then pull the 5 out and say (5*1)/6 = 5*(1/6)
The fraction 5/6 is equivalent to 5*(1/6) which is the result of multiplying the whole number 5 by the unit fraction 1/6
Note: A unit fraction is any fraction where the numerator is 1 and the denominator is some larger whole number.