Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer: So what is two plus two plus two?
Well let me demonstrate. Take 2 cookies for example, your friend supplements 2 more cookies and there you have it 4 cookies. So two and two cookies are 4 cookies. Thus, 2+2=4
Step-by-step explanation: Hope I helped you out <3
-Carrie
Answer: m = -5/8
Step-by-step explanation:
The general equation for slope is rise over run, also known as:
m=(y2-y1)/(x2-x1)
From the points (x, y), we can get all the variables we need.
(-1, -7) gives us x1 = -1 and y1 = -7
(-9, -2) gives us x2 = -9 and y2 = -2
If we plug all the values in, we get:
m = (-2 - (-7))/(-9 - (-1))
m = (-2 + 7)/(-9 + 1) the negatives cancel
m = (5)/(-8)
m = -5/8
4 in the number 2.6741 is in the THOUSANDTHS PLACE.
