Answer:
$3952.13
Step-by-step explanation:
Annuity amount = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
FV = Future value = $75,000
R = interest rate = 8%
N = number of years = 12
Annuity factor = [(1/08)^12 - 1 ] / 0.08 = 1.8977126
Annuity amount = $75,000 / 1.8977126 = $3952.13
each trial is independent so do
.5 x .5 x .5 or .5^3
.125 is the probability.
Answer:
see explanation
Step-by-step explanation:
(a)
Given y is directly proportional to x then the equation relating them is
y = kx ← k is the constant of proportion
To find k use the condition when x = 3, y = 18 , then
18 = 3k ( divide both sides by 3 )
6 = k
y = 6x ← equation of proportion
(b)
(i)
when x = 12 , then
y = 6 × 12 = 72
(ii)
when y = 42
42 = 6x ( divide both sides by 6 )
7 = x
More people have grown up or more people have found jobs
Hope this helps....
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Answer:
$1015.11
Step-by-step explanation:
Compounded interest rate formula: A = P(1 + r/n)^t
Step 1: Plug in known variables
A = 1000(1 + 0.005/12)^36
Step 2: Multiply it all together
1000(1.00042)^36
1000(1.01511)
1015.11
This is a pretty bad bank considering only giving you .5% interest per month.
