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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Step 1. READ THE QUESTION CAREFULLY!!!!!!
Step 2. Turn the problem into equations.
Step 3. Substitute/Eliminate variables.
Step 4. Find the first variable.
Step 5. Replace the variable1 with its correct number.
Step 6. Get your variable2.
Step 7.Do steps 3-4 until you have all the variables.
Step 8. Double check.
And you are done!
The solution to the problem is as follows:
If you use Ln you can get rid of e.
ln(e^0.4x) = ln(0.4)
0.4x = ln(0.4)
x = (ln(0.4))/0.4
<span>x = -2.29
</span>
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the answer is b (-4+6)/2&(-4-6)/2
Answer:
It's going to take you 17 min to travel 12 miles
assuming you are going with mph
Step-by-step explanation:
I looked at a speed calculator and calculated that to go 25 miles in 35 min, you were going 42 mph. so I changed the imput to 12 miles and I got my answer.
