Jack wanted to sell his model airplane. He had paid $250.00 for the plane when it was new. His friend Jeffrey offered 60% of that amount. How much did he offer to pay?

answer:

$150.00

Step-by-step explanation:

$250 * 60% = $150

It is $2433.31

Step-by-step explanation:

You start an annuity of $2000 at the rate of interest 4% annually for 5 years.

we use the formula of compound interest.

A = P

where P = Principal

r = rate of interest

t = time in years

n = number of times compounded per year

P = 2000

r = 4% or 0.04

t = 5 years

n = 1 compounded yearly

= 2433.305805 ≈ $2433.31

The value of the annuity at the end of 5 year would be $2433.31