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:
6.7 seconds
Step-by-step explanation:
Juan= Paul-0.4
Paul=Terry+1.3
We can substitute Terry+1.3 for Paul since they are equal
juan=(Terry-0.4)+1.3
terry=5.8
juan=(5.8-0.4)+1.3
juan=6.7
Answer:4200-600m=1800
Step-by-step explanation:
4200-600m=1800
Subtract 4200 from 1800
-600m=-3600
Divide both sides by -600
m=6
Answer:
48 boys
Step-by-step explanation:
Since the ratio of Boys to Girls is 4/3, set this equal to X number of boys/36. Cross multiply so 36*4=144, and 3*x= 3x. So now you have 144=3x, divide by 3 to get x=48 boys.
Answer:
2/5y and -0.2y
-6 and -2
Step-by-step explanation:
Here, we want to select the pair of like terms
To do this, we finish the evaluation of the expression
2/5y + 1/5x - 0.2y -6+ (-2)
We have the two y’s together
2/5y and -0.2y
-6 and -2
