Answer:
$1,448.66
Step-by-step explanation:
The future value of an annuity with yearly deposits 'P' at an interest rate of 'r' invested for 'n' years is determined by:
![FV = P[\frac{(1+r)^n-1}{r}]](https://tex.z-dn.net/?f=FV%20%3D%20P%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%5D)
For P = $100, r = 0.08 and n = 10 years:
![FV = 100[\frac{(1+0.08)^{10}-1}{0.08}]\\FV=\$1,448.66](https://tex.z-dn.net/?f=FV%20%3D%20100%5B%5Cfrac%7B%281%2B0.08%29%5E%7B10%7D-1%7D%7B0.08%7D%5D%5C%5CFV%3D%5C%241%2C448.66)
The amount at the end of the ten years is $1,448.66
X/3-10=12
x/3=-2
x=-6
p/5+10=14
p/5=4
p=20
Answer:
No
Step-by-step explanation:
13.261 ends with a 1 and 13.265 ends with a 5 and 5 is greater than 1.