We have to calculate a monthly annuity.
Total = Monthly Amount * [(1 + rate)^(n + 1) -1] / [rate] - Monthly Amount
where "n" is the number of compounding periods per year.
and n = 4.5*12 = 54
rate = rate/n = .055 / 12 =
<span>
<span>
<span>
0.0045833333
</span>
</span>
</span>
Total = 100 * [(1<span>.0045833333)^55 -1] / [</span><span><span><span>
<span>
0.0045833333
</span>
</span>] -100
</span>
</span>Total = 100 * <span><span><span>0.2859624157
/ </span>
</span>
</span>
[<span><span>
0.0045833333
</span>] -100
</span>Total = <span>28.59624157 / </span>[<span>
0.0045833333
] -100
</span>Total =
<span>
<span>
<span>
6,239.18 -100</span>
</span></span>Total =
6,139.18
Source:
http://1728.org/annuity3.htm formula
http://1728.org/annuitym.htm calculator
Answer: 6 x 7 = 42
Step-by-step explanation: I believe this is because there are 6 different ways from the school to the park and seven routes from the park to his grandmother's house. To find the total you multiply 6 and 7.
Answer:
The answer is
Step-by-step explanation:
Let The number is x
Then the equation is
Answer: M= -3/4
Step-by-step explanation: