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
I have to go to the store and get some rest and feel better soon and that is the only way I can get a ride to the airport on Friday and I will be there at the same time I don't have to go to the store and get some rest and feel better soon and that is the only way to get the attention of the day at the office and I will be there at the same time
Answer:
x=-3
y=26
Step-by-step explanation:
Answer:
C) 0i?????????????
Step-by-step explanation:
They are the same thing why would you need to add anything?
I feel bad searching this up
