Card P's balance increased by $3.43 more than Card Q's balance. The accumulated total on Card P over the 4 years is $1080.70 and the accumulated total of Card Q is $1,206.28. Based on the principal outlay however, Card P would have netted a higher interest over Card Q when the principal is subtracted from the accumulated value. (For eg. Card P accumulated value $1080.70 less Principal $726.19 equals $354.51).The interests over the 4 years period would be $354.51 and $351.08 respectively, hence Card P having an increase in balance of $3.43 over Card Q.
Answer:
The value of this inheritance is $78,192.28
Step-by-step explanation:
The monthly payments Sara will receive starting today for next 40 years is $500.
Annual Interest Rate = 7.3%
Monthly Interest Rate = Annual Interest Rate/12
=7.3/12
Monthly Interest Rate = 0.6083%
Present Value = $500 + $500/1.006083 + $500/1.006083^2 + $500/1.006083^3 + ... + $500/1.006083^479
Present Value = $500 * 1.006083 * (1 - (1/1.006083)^480) / 0.006083
Present Value = $500 * 156.39156
Present Value = $78,192.28
Thus, the value of this inheritance is $78,192.28
Answer:
(20x30)= 600
that's the area of rectangular plot
3ft wide sidewalk means both +3 on left and +3 on right, also both +3 up and +3 down
which means u have to do 26x36=936
then subtract
936-600=336 square feet
Step-by-step explanation:
Answer:
1/9
Step-by-step explanation:
There are three places and three people.
Times them together for the total outcomes:
1/3 x 1/3= 1/9