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:
102 marbles
Step-by-step explanation:
100% of 85 is 85.
20% of 85 = 17
85 + 17 = 102
Hope that helps!
Andrew is wanting to build a slide for his daughter's tree house in the backyard. The tree house is approximately 5 feet off the ground and he wants the slide to have a 30 degree angle with the ground. He will need to by 10 ft of sliding board.
the first answer choice, associative property of addition
hope this helps. gl!
