Spencer is a plumber, and his coworker Nolan is an electrician. Spencer charges customers a fee of $46 just to come to their hou
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Total = 500 * ([(1 + .07)^26 -1] / .07) -500
Total = 500 * (<span><span>4.8073529249 </span> / .07) -500
</span>Total = 500 * (<span>68.6764703562) -500
</span>Total = <span> <span> <span> 33,838.24
</span></span>
Source:
http://www.1728.org/annuity.htm
</span>
Total = 500 * (<span><span>4.8073529249 </span> / .07) -500
</span>Total = 500 * (<span>68.6764703562) -500
</span>Total = <span> <span> <span> 33,838.24
</span></span>
Source:
http://www.1728.org/annuity.htm
</span>
Answer
Find out the selling price of the scrapbook kit .
To prove
As given
I craft store retailer uses a markup rate of 65%.
A scrapbook kit cost $20 .
Than 65% is written in the decimal form.
= 0.65
Mark up price = 0.65 × 20
= $ 13
Selling price of Scrapbook kit = Cost of Scrapbook kit + Mark up price.
= 13 + 20
= $33
Therefore the the selling price of the scrapbook kit $33.