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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Answer:
3/2
Step-by-step explanation:
2y+3x=3
This represents a linear equation and the format for a linear equation is
y = mx+b
m = slope
b= y-intercept
we have to subtract 3x from both sides to make this the y=mx+b form
2y=-3x+3
and divide both sides by 2
y = (-3x+3)/2
3/2 or 1.5 is the y-intercept
the constant of a linear equation (or 3) is the y-intercept, if there is no constant then the y-intercept is 0
Answer:
to estimate the sum you round to the closest number like 38 is closest to 40 so you just say you total is $40.00
difference is when say you have 30 dollars and you spend 10 the difference is 10 dollars
Answer:
Circle circumference = radius * 2 * PI
Arc Length = radius * 2 * PI * Central Angle / 360 degrees
Arc Length = 7 * 2 * PI * (1/4)
= 3.5 * PI
= 10.9955742876
Arc Length = 10.996 (rounded)
Step-by-step explanation:
