Answer: 9 x
Step-by-step explanation:
Its 24,000 if the number goes to ten thousand's place..
Answer:
Step-by-step explanation:
Given
See attachment
Required
Determine the slope of the line
From the attachment, we have the following points
and
The slope m is then calculated using:
Substitute values for the x's and y's
<em>Hence, the slope is 0</em>
P = $70, p = 2.5% = 0.025
q = 1 + 0.025 / 12 = 1.002
Future value of a periodic deposit:
A = P · q · ( q^30 - 1 ) / ( q - 1 )
A = 70 · 1.002 · ( 1.002^30 - 1 ) / ( 1.002 - 1 )
A = $2,166
Answer:
He will have $2.166 in 30 months.