First calculate the future value of the annuity
The formula to find the future value of an annuity ordinary is
Fv=pmt [((1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT quarterly payment 1500
R interest rate 0.12
K compounded quarterly 4
N time 4 years
Fv=1,500×(((1+0.12÷4)^(4×4)
−1)÷(0.12÷4))
=30,235.32
Now compare the amount of the annuity with amount of the gift
30,235.32−30,000=235.32
So as you can see the amount of the annuity is better than the amount of the gift by 235.32
Second offer is better
Hope it helps!
7/8 you have to make 1/4 into 2/8 and 2/8+5/8=7/8
Radical is <span>√</span>30x because it just 5 times 6
The number is assumed to be x
x of 40% = 56
x * (40/100) = 56
x = 5600 / 40
x = 140
