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bixtya [17]
3 years ago
13

Jane wishes to have 20,000 available at the end of 10 years so she deposit money into an account that pays 1.14% compounded mont

hly how much does she need to deposit in order to meet this goal?
Mathematics
1 answer:
max2010maxim [7]3 years ago
5 0

Answer:

\$17,846.12  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=10\ years\\ A=\$20,000\\ r=0.0114\\n=12  

substitute in the formula above  

\$20,000=P(1+\frac{0.0114}{12})^{12*10}  

P=\$20,000/[(1+\frac{0.0114}{12})^{120}]  

P=\$17,846.12  

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sasho [114]
The equation is true because both sides are identical.
5 0
3 years ago
Need help with this math
olganol [36]

Hi,

Here is the solution.

3 years = 36 months

Leased amount for 3 years = $3000 + 36*350

= $3000 + $12600

Leased amount for 3 years = $15600

Residual value = $12000

Assume you didn't buy the car, you took it for lease, so your expense = $15600.

Now Assume you bought the car for $21,000.

After using 3 years, you can sell it for $12000.

Your expense = $21,000 - $12,000 = $9000.

Conclusion:

It is less expensive to buy the car.

The cost for buying the car and selling it after 3 years = $9000.

Hope you will understand the steps. Thank you :)

3 0
3 years ago
Please help me,ASAP​
pav-90 [236]

Answer:

b. They can both be 90 degree angles

c. Acute angles are by definition 90 degrees, and acute is less than but not equal to 90 degrees

d. should be always

e. should be never (explanation: they have to be adjacent to be supplementary, and vertical angles are never adjacent)

Step-by-step explanation:

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3 years ago
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astra-53 [7]
The value of pi is 3,14
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3 years ago
Can someone please help me with my math asap​
Margarita [4]

Answer:

A) 15x - 12

General Formulas and Concepts:

<u>Pre-Algebra</u>

  • Distributive Property

<u>Algebra I</u>

  • Combining Like Terms

Step-by-step explanation:

<u>Step 1: Define</u>

5x(3 - 12x) - 3(4 - 20x²)

<u>Step 2: Simplify</u>

  1. Distribute:                         15x - 60x² - 12 + 60x²
  2. Combine like terms:         15x - 12
8 0
3 years ago
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