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:
10 in., 18.5 in., 31.5 in.
Step-by-step explanation:
Ask me if you need step-by-step, since the problem seems to be multiple choice.
It’s making me use 20 characters so here’s a lil text
Answer:
56
Step-by-step explanation:
If the ratio of Zoe; Hannah is 3:7 and Zoe got 24 than we have to divide the 24 by 3 so we can multiply it by 7. This is because since the Zoe is the 3 and it isn't a 1 it isn't the starting point for either of the ratios we cannot multiply the 24 by 7.
24 ÷ 3 = 8
Now we multiply the 8 by 7 so that we know have many tips Hannah made
8 × 7 = 56
Hannah made 56 in tips
Answer:
A
Step-by-step explanation:
