1)1,2,3,4,5,6
2)1/2
3)1/2
4)1/3
5)5 OR LESS THAN FIVE =1/6
ONLY LESS THAN FIVE (EXCLUDING FIVE)=4/6=2/3
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!
Answer:
The answer is D.
Step-by-step explanation:
Well, all the equations are the same except for the symbol so you don't need to figure out the equation of the line.
Anyways, note that the line is dotted, which means it cannot be A nor B since they have an "equal to."
Also, note that the shaded region is above the graph. Since it is above, it means that y is greater than whatever x is.
Thus, the answer is D.