Answer:
16 m
Step-by-step explanation:
c=f×m
331=20m ( divide by 20 both side)
therefore m=16.55m
First calculate the future value of the annuity
The formula to find the future value of an annuity ordinary is
Fv=pmt [((1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT quarterly payment 1500
R interest rate 0.12
K compounded quarterly 4
N time 4 years
Fv=1,500×(((1+0.12÷4)^(4×4)
−1)÷(0.12÷4))
=30,235.32
Now compare the amount of the annuity with amount of the gift
30,235.32−30,000=235.32
So as you can see the amount of the annuity is better than the amount of the gift by 235.32
Second offer is better
Hope it helps!
Answer:
204/1015 (irreducible) = 20.1%
1/8120 (irreducible) = 0.01232%
1/5832 (irreducible) = 0.01715%
1/6 (irreducible) = 16.67%
Step-by-step explanation:
Answer:
2x - 3y = -14
Step-by-step explanation:
