Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
Answer:
Whats the question so that I can help?
Step-by-step explanation:
9514 1404 393
Answer:
x ≈ 136.7 ft
Step-by-step explanation:
As you have marked, the relevant sides are the adjacent side and the hypotenuse. The mnemonic SOH CAH TOA reminds you ...
Cos = Adjacent/Hypotenuse
For this triangle, that means ...
cos(43°) = (100 ft)/x
x = (100 ft)/cos(43°) . . . . . . . . . . multiply both sides by x/cos(43°)
x ≈ 136.73 ft
The length x is about 136.7 feet.
