The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
<u>Continuous </u>
Step-by-step explanation:
The graph is considered continuous due to the fact that it can take any amount of height, weight, and temperature. If it was discrete there would be a limit to your hike.
I really hope this helped you, please be sure to make my answer brainiest. Thank you and have a great night sleep / or have a great day! :D
Answer: 1682
(45 x 36) + 62
1620 + 62 = 1682
Answer:just tryna get points don't mind me
Step-by-step explanation:
....
Step-by-step explanation:
x = number of novels
y = number of dictionaries
x = 8y
88x + 208y = 13680
now, using the identity of the first equation in the second equation gives us
88(8y) + 208y = 13680
704y + 208y = 13680
912y = 13680
y = 13680/912 = 15
x = 8y = 8×15 = 120
so, there were 120 novels and 15 dictionaries sold.
