We have that every quarter, he will get an 0.8% interest rate. We also have that there will be 14*4=56 periods of repayment. We have that by the formula, if there are n periods and x% is the interest rate, the capital is multiplied by (100+x%)^n.
Suppose Micah invests x money. Then, we have that after 14 years, the capital available will be C=
. We have that C=18500$ and hence that 18500=x*1.562. Thus, solving for x we have that x=11841$.
Micah will need to invest only 11841$ in order to pay for his boat; this shows the importance of saving since he earns a lot of money, around 7k $.
Answer:
7 adults, 12 students
Step-by-step explanation:
10 20 30 40 50
60 70
74 78 82 86 90
94 98 102 106 110 114 118
First add the whole numbers (2+1=3)
Then add the fractions (5/6 + 2/6 = 7/6)
Make the fraction a mixed fraction (7/6 = 1 1/6)
Then put them together
The answer is 4 1/6
Divide 462 by 49 then you got your answer for Jack
Google how many feet are in a mile and take that amount of feet then divide it by 407 that’s your answer for Will
Divide 681 by 60 standing for 60 seconds in one minute then that’s your answer for Liz
Since they already gave you the answer to Jack see which amount is the highest
Hope this helped :)