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Mathematics

1 answer:

Zepler [3.9K]2 years ago

4 0

Answer:

A: P = 41100 - 590t

B: 34610

Step-by-step explanation:

equation = 41100-(41100-36380)/(2011-2003)t

plug it in

41100 - 590(2014-2003)=34610

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Can someone show me the steps to this equation.

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If you need $8000 to travel to Europe after you graduate in 4 year. How much would your monthly deposits need to be if your acco

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$\bf \qquad \qquad \textit{Future Value of an ordinary annuity}\\
\left. \qquad \qquad \right.(\textit{payments at the end of the period})
\\\\
A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]$

$\bf \qquad 
\begin{cases}
A=
\begin{array}{llll}
\textit{accumulated amount}\\
\end{array}\to &
\begin{array}{llll}
8000
\end{array}\\
pymnt=\textit{periodic payments}\\
r=rate\to 5\%\to \frac{5}{100}\to &0.05\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{monthly, thus twelve}
\end{array}\to &12\\
t=years\to &4
\end{cases}$

$\bf 8000=pymnt\left[ \cfrac{\left( 1+\frac{0.05}{12} \right)^{12\cdot 4}-1}{\frac{0.05}{12}} \right]
\\\\\\
\cfrac{8000}{\left[ \frac{\left( 1+\frac{0.05}{12} \right)^{12\cdot 4}-1}{\frac{0.05}{12}} \right]}=pymnt\implies \cfrac{8000}{\frac{\left( \frac{241}{240} \right)^{48}-1}{\frac{1}{240}}}=pymnt
\\\\\\
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