I believe the correct situation is C
Answer:
$110.37
Step-by-step explanation:
Assuming the monthly payment is made at the beginning of the month, the formula for the monthly payment P that gives future value A will be ...
... A = P(1+r/12)((1+r/12)^(nt) -1)/(r/12) . . . . n=compoundings/year, t=years
... 14000 = P(1+.11/12)((1+.11/12)^(12·7) -1)/(.11/12)
... 14000 = P(12.11)((1+.11/12)^84 -1)/0.11 ≈ P·126.84714 . . . . fill in the given values
... P = 14000/126.84714 = 110.37 . . . . . divide by the coefficient of P
They should deposit $110.37 at the beginning of each month.
The answer is B, 75 inches. This is because for every for there is 12 inches. So, if you plug in 6.25 where the x is, it is saying there are 12 inches per 6.25 feet. So multiply 12 by 6.25 to get 75, your answer, B. Hope this helps
Answer: C
Step-by-step explanation:
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