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
If it has a line on top of the last number then it is considered repeating.
therefore, the first two are repeating and the last two are non-repeating.
Hope that helps!
Answer:
Step-by-step explanation:
<span>Jesse loves to make cookies. She makes chocolate chip cookies 4 out of every 5 times she makes cookies. If she makes cookies 55 times, how many times will she not make chocolate chip cookies?</span>