The future value annuity is given by:
FV=P[(1+r)^n-1]/r
where:
P=principle=$650
r=rate=0.12/4=0.03
t= time=5×4=20
Hence our future value annuity will be:
FV=650[(1+0.03)^20-1]/0.03
FV=650×0.80611/0.03
FV=650×26.870375
FV=$17,465.75
The answer is $17,465.75
600 mean 100%
x ---------- 7%
-------------------------
x = 600*7/100 = 6*7 = 42
hope this will help you
Answer:
x=3
Step-by-step explanation:
P=5n + 12 is the answer I believe, not certain