Hi there
If the amount deposited at (end) of each year, use the formula of the (future/present) value of annuity ordinary
If the amount deposited at the (beginning) of each year use the formula of the (future/present) value of annuity due
So
FvAo=5,000×(((1+0.0245)^(5)−1)
÷(0.0245))
=26,255.38...answer
Hope it helps
Answer: A diameter goes straight across the circle and passes through the center point (point M). A radius stops at the center point, making the line go halfway across the circle (basically half the diameter). A chord goes across the circle, but does not go through the center point. Therefore, the answer is C, because it does not go through the center point.
For the house A we have:
f (x) = 124270 (1.04) ^ x
Evaluating for 7, 8, 9 and 10 we have:
f (7) = 124270 (1.04) ^ 7 = 163530.8422
f (8) = 124270 (1.04) ^ 8 = 170072.0759
f (9) = 124270 (1.04) ^ 9 = 176874.9589
f (10) = 124270 (1.04) ^ 10 = 183949.9573
For house B we have:
f (x) = 114270 (1.05) ^ x
Evaluating for 7, 8, 9 and 10 we have:
f (7) = 114270 (1.05) ^ 7 = 160789.3653
f (8) = 114270 (1.05) ^ 8 = 168828.8336
f (9) = 114270 (1.05) ^ 9 = 177270.2752
f (10) = 114270 (1.05) ^ 10 = 186133.789
We observe that for years 7 and 8 the value of house A is greater than the value of house B.
Answer:
7 and 8