Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Answer:
155 inches
Step-by-step explanation:
1 yard = 3 feet = 36 inches ; 6 yards = 18 feet = 216 inches ; 216 inches-61 inches = 155 inches
C. y = 1/2x - 2
<u>Use the slope-intercept form to find the slope and y-intercept</u>
Slope: 1/2
Y-Intercept: -2
Notice the picture below
no matter what value "y" may have, "x" will always be 1
First, we need to transform the equation into its standard form (x - h)²=4p(y - k).
Using completing the square method:
y = -14x² - 2x - 2
y = -14(x² + 2x/14) - 2
y = -14(x² + 2x/14 + (2/28)²) -2 + (2/28)²
y = -14(x + 1/14)² - 391/196
-1/14(y + 391/196) = (x + 1/14)²
This is a vertical parabola and its focus <span>(h, k + p) is (-1/14, -391/196 + 1/56) = (-1/14, -775/392).
Or (-0.071,-1.977).</span>