A. Use the appropriate formula to find the value of the annuity. b. Find the interest
ents
Periodic
Deposit
$3000 at the end of each year
Rate
3% compounded annually
Time
10 years
Click the icon to view some finance formulas.
ess
Ebrary
ess
a. The value of the annuity is $
(Do not round until the final answę
(8.5.20)
bund to the nearest dollar as needed.)
ouro
Ons
:
1:
10
More

3

step-by-step explanation:

in standard form:

a= dictionaries

b= maps

you have to buy 3 dictionaries, so put a 3 next to the a (dictionaries) so that you can multiply them by each other.

a3+b= 60 (the amount of money you have)

we already know the cost of a=15 so replace a with $15

($15 x 3)+b=60

multiply 15 and 3 to get $45 and replace it with $45

45+b=60

and then replace b with 15 to get the total:

45+15=60

that means you have $15 left after buying 3 dictionaries.

15 divided by the cost of a map ($5) equals 3.

so you can buy 3 maps.

sorry if it was confusing!

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;

10+4√2 is the answer. i dont have the time to explain.