The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
y=2x+4
Step-by-step explanation:
8=2(6)+b
8=12+b
4=b
Answer:
2 radical 13
Step-by-step explanation:
The y axis for dependent variables and x axis for independent
Answer:
3 oatmeal muffins
Step-by-step explanation:
First, subtract the 5 muffins she dropped from the total:
73 - 5
= 68
Then, divide this by 13:
68/13
= 5.23
We need a whole number of muffins in each container, so round this down to 5.
This means that there can be 5 muffins in each of the 13 containers.
Find how many will be leftover:
5(13)
= 65
68 - 65
= 3
So, there will be 3 oatmeal muffins left
