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:
yes it is 944544 divided by 10= 94454.4
Step-by-step explanation:
pls give brainliest
Answer:
5n-9
Step-by-step explanation:
Answer:
C=2πr
Step-by-step explanation:
The circumference is the total distance around the circle.
C=πd but d = 2r.
:.C=2πr.
40%=0.4
0.4(20)
8(markup)
Shirt price=$20+ $8
New price=$28
