The equation for this is:
F = P(1+i)ⁿ
where
F is the present accounts balance
P is the initial deposit
i is the interest rate
n is the number of months
The interest rate is nominal which is 2.9% per year compounded monthly. Since there are 12 months in a year, that is equal to an effective interest rate of 0.24167% per month compounded monthly (i = 0.0024167). In 9 years, there are a total of 108 months, so n=108.
<span>$2033.88 = P(1+0.0024167)</span>¹⁰⁸
P = $1567.147
Answer: 6000+200+10+9
Step-by-step explanation:
The ones place multiplies by 1 so 9*1=9
The tens place multiplies by 10 so 10*1=10
The hundreds place multiply by 100 so 100+2=100
The thousands place multiply by 1000 so 1000*6=6000
Hope This Helps!!!
Answer:
2x2 - 5x - 12 = 0.
(2x + 3)(x - 4) = 0.
2x + 3 = 0 or x - 4 = 0.
x = -3/2, or x = 4. I hope this helps
Step-by-step explanation:
Answer:
$4.75
Step-by-step explanation:
As the price per pound is a one-to-one ratio, one could just simply multiply by using: 0.7 lbs * ($6.79 / 1 lb) = $4.75/1 = $4.75
