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:
65ft
Step-by-step explanation:
Given
To obtain the minimum value of y, we first take the derivative of y
The derivative of y is:
Equating
gives the minimum value we require.
Doing that, we have:
So that
Therefore, the minimum value is x = 3
Answer:
let's start with
6a<42
a<7
Next we simplify
a+4>7
a>7-4
a>3
Step-by-step explanation:
Answer
3<a<7
Answer: B aka (3’2) + (3’2)
Step-by-step explanation:
I got it right on Edge 2021, good luck! Also if right, can you please mark Brainliest?
