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fgiga [73]
2 years ago
6

Find the savings plan balance after 1 year with an APR of 13% and monthly payments of $100. Assume an ordinary annuity.

Mathematics
1 answer:
Flura [38]2 years ago
8 0
Check the formula of future value of annuity ordinary (through Google)
FVOA=100[((1+0.13/12)^(12)-1/(0.13/12)]
FVOA=1274.15
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Answer:

Step-by-step explanation:

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M=(\frac{3+6}{2},\frac{5-7}{2})\\M=(\frac{9}{2},\frac{-2}{2})\\M=(\frac{9}{2},-1) So the "new" line will go through this point.

Onto the slope:

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y=\frac{1}{4}x+\frac{17}{4}

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3 years ago
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Step-by-step explanation:

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<em>Comments on the other answer choices</em>

BED contains point T, but not C

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Step-by-step explanation:

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Reduce by dividing by 9:
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