In an experiment, two numbers between 1 and 6 are chosen. the second number must be different than the first number. what is the
1 answer:
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Answer:
amount = 407 per month
Step-by-step explanation:
given data
future value = $5000
interest rate = 6% = = 0.015
time = 12 months = 4 compound per year
solution
we use here formula that is
amount = future value × .......................1
put here value and we get
amount = 5000 ×
amount = 1222 per quarter
or amount = 407 per month