Answer:
Future value of annuity (FV) = $13,782.12 (Approx)
Step-by-step explanation:
Given:
Periodic payment p = $500
Interest rate r = 13% = 13%/4 = 0.0325 (Quarterly)
Number of period n = 5 x 4 = 20 quarter
Find:
Future value of annuity (FV)
Computation:
![Future\ value\ of\ annuity\ (FV)=p[\frac{(1+r)^n-1}{r} ] \\\\Future\ value\ of\ annuity\ (FV)=500[\frac{(1+0.0325)^{20}-1}{0.0325} ] \\\\Future\ value\ of\ annuity\ (FV)=13,782.1219 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3Dp%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D500%5B%5Cfrac%7B%281%2B0.0325%29%5E%7B20%7D-1%7D%7B0.0325%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D13%2C782.1219%20%5C%5C%5C%5C)
Future value of annuity (FV) = $13,782.12 (Approx)
Answer:
5(2a − 3) = (2a − 3) ⋅ 5
Step-by-step explanation:
Commutative Property of Multiplication is switching the order of the numbers around, and that answer demonstrates just that.
Answer:
<h2>
2x + 3y = 33 </h2>
Step-by-step explanation:
As we move from (-2, 5) to (1, 3), x increases by 3 and y decreases by 2.
Hence, the slope of this line is m = rise / run = -2/3.
Start with the slope-intercept form y = mx + b.
Substitute 3 for y and 1 for x and -2/3 for m:
3 = (-2/3)(1) + b.
Remove fractions by mult. all three terms by 3:
9 = -2 + b, so b = 11, and y = (-2/3)x + 11
Again, mult. all three terms by 3:
3y = -2x + 33, or, in standard form,
<h2>
2x + 3y = 33 </h2>
Estimation :
20/0.05 = 400
