Answer:
55,050
Step-by-step explanation:
Answer:
Sarah family will get 2 cards
Step-by-step explanation:
The total number of cards is 32
Sarah sent half of the Christmas cards to her friends,= 1/2 *32= 16 cards for Sarah's friends
Richard sent three eights of them to his friends.
3/8 *32=12 cards for Richards friends
Total = 12+16= 28
Card left= 32-28=4
Since Sarah and Richard want to send an even number of cards to their families. Then Sarah's family and Richard's family will receive 2 apiece.
Answer:
Down below
Step-by-step explanation:
I can not exactly show a graph, but the equation will be y=1/4x-1, since:
Points: (4,0) (0, -1)
Slope: (0+1)/(4-0)= 1/4
Slope intercept form: y=mx+d
Answer:
D
Step-by-step explanation:
Answer:
Yolanda will have a balance of $34,043.10 in 14 years.
Step-by-step explanation:
This is an Ordinary annuity question where you pick the hint from the equal and recurring monthly payment.
To find the Future value of Yolanda's savings after 14 years, use Future value of annuity formula FVA = ![\frac{PMT}{r}[1-(1+r)^{-t} ]\\](https://tex.z-dn.net/?f=%5Cfrac%7BPMT%7D%7Br%7D%5B1-%281%2Br%29%5E%7B-t%7D%20%5D%5C%5C)
PMT= recurring payment = $300
r = discount rate; monthly rate in this case = 6% / 12 =0.5% or 0.005 as a decimal.
t = total duration ; 14 *12 = 168 months
Next, plug in the numbers into the FVA formula;
FVA = ![\frac{300}{0.005} [ 1-(1+0.005)^{-168} ]](https://tex.z-dn.net/?f=%5Cfrac%7B300%7D%7B0.005%7D%20%5B%201-%281%2B0.005%29%5E%7B-168%7D%20%5D)
FVA = 60,000 * 0.5673849
FVA = 34,043.0969
Therefore, Yolanda will have a balance of $34,043.10 in 14 years