.6/1.0 = 6/10
3 6/10 or 3 3/5
The formula for the future value A, given annual interest rate r, number of years t, and deposit amount P can be written as
... A = P(1 +r/12)((1+r/12)^(12t) -1)/(r/12)
Filling in the given numbers, you have
... A = 200(1+.0275/12)((1+.0275/12)^(12·39) -1)/(.0275/12) ≈ 167,868.30
The appropriate choice is $167,868.30.
_____
The formula is the one for the sum of a geometric series. It can be useful to consider the last deposit made as the first term of the series.
Answer:
Step-by-step explanation:
1. binomial polynomial
2. 2 terms
3. 4 is the constant term
4. - 1/10 x^3 is the leading term
5. -1/10 is the leading coefficient.
Answer:
B. 3 / (x+6)
Step-by-step explanation:
3(x+2)/(x+6)(x+2) = 3 / (x+6)
