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.
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Answer:
The Colossus Ferris wheel debuted at the 1984 New Orleans World’s Fair. The ride is 180 ft tall, and passengers board the ride at an initial height of 15 ft above the ground. The height above ground, h, of a passenger on the ride is a periodic function of time, t. The graph displays the height above ground of the last passenger to board over the course of the 15 min ride.
Sine function model: where h is the height of the passenger above the ground measured in feet and t is the time of operation of the ride in minutes.
(Score for Question 1: ___ of 4 points)
1. What is the period of the sine function model? Interpret the period you found in the context of the operation of the Ferris wheel.
Answer:
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Answer:
5/2 x 1/2
Step-by-step explanation:
when you multiply fractions you multiply trait across meaning you do 5*1 and 2*2 which leaves you with 5/4 and that is equivalent to 1 &1/4
