1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnom [1K]
2 years ago
14

Danny wants to buy a truck in 4 years. He is going to put away $2,500.00 into his savings account that will pay him 6.75% intere

st compounded monthly. How much will he have when he withdraws the funds to give a down payment? a $775.43 b $3,272.43 c $3,275.43 d $772.43
Mathematics
1 answer:
aniked [119]2 years ago
4 0

Answer:

b $3,272.43

Step-by-step explanation:

A = p(1+r/n)^nt

Where

A= future value

P= principal = $2500

r= interest rate = 6.75% = 0.0675

n = number of periods = 12

t = time = 4 years

A = p(1+r/n)^nt

= 2500(1+0.0675/12)^12*4

= 2500(1+0.005625)^48

= 2500(1.005625)^48

= 2500(1.3089737859257)

= 3272.4344648144

Approximately

A= $3272.43

He will have $3272.43 to give as down payment in 4 years

You might be interested in
Rewrite the function by completing the square <br> f(x)=x^2-14x+63
Veseljchak [2.6K]

Answer:

f(x) = (x - 7)² - 14

General Formulas and Concepts:

<u>Pre-Algebra</u>

  • Equality Properties

<u>Algebra I</u>

  • Standard Form: ax² + bx + c = 0
  • Vertex Form: f(x) = a(bx - c)² + d
  • Completing the Square: (b/2)²

Step-by-step explanation:

<u>Step 1: Define</u>

f(x) = x² - 14x + 63

<u>Step 2: Rewrite</u>

  1. Separate:                              f(x) = (x² - 14x) + 63
  2. Complete the Square:         f(x) = (x² - 14x + 49) + 63 - 49
  3. Simplify:                                f(x) = (x - 7)² - 14
8 0
3 years ago
Read 2 more answers
What are irrational numbers? give examples.​
sertanlavr [38]
√2, √3, √5, √11, √21, π(Pi) are all irrational.
8 0
2 years ago
Read 2 more answers
Algebra 1 ty brainilest if correct
exis [7]

Answer:

1 exponential decay and 78%

5 0
2 years ago
Read 2 more answers
Are you smart enough to answer
amid [387]

Answer:

I believe that the first answer is A and the second answer is c I'm not that smart but I have hope that it's correct

6 0
2 years ago
Which expression is equivalent to 3x^-6y^-3/15x^2y^10 ? Assume x=0 and y=0
Anit [1.1K]
Find the attachment below

7 0
3 years ago
Read 2 more answers
Other questions:
  • What is the equation of the line in slope-intercept form?
    7·1 answer
  • What is 5 1/4 divided by 2 2/7?
    15·1 answer
  • Meg withdrew $300 from her account on Saturday. Then she deposited $174.83 into her account on Sunday.
    10·1 answer
  • Miguel has two same size rectangles divivded into the same number of equal parts. One rectangle has 3/4 of the parts shaded, and
    15·1 answer
  • The photoreceptors called __ respond best to dim light, and those called __ enable color vision
    14·1 answer
  • I need help plz. Can you explain it to me. I have a test tommorow but I am confused.
    7·2 answers
  • Find the derivative with respect to x of the integral from 2 to x^3 of ln(x^2)dx
    11·1 answer
  • Need help filling in the blanks.. comparing depreciation methods.
    12·1 answer
  • The cost of 8 gallons of gasoline can be modeled by C(g) = 2.25g. The amount of gasoline used
    6·1 answer
  • Dy/dx y = 3root(4x+1) -2x
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!