4 terms, degree of 2
The terms is the amount of “numbers” you have, which is 4
The degree is the highest power, which is x^2
<span>use:S(OH) C(AH) T(OA) depending on the info given
</span>
The amount to be invested today so as to have $12,500 in 12 years is $6,480.37.
The amount that would be in my account in 13 years is $44,707.37.
The amount I need to deposit now is $546.64.
<h3>How much should be invested today?</h3>
The amount to be invested today = future value / (1 + r)^nm
Where:
- r = interest rate = 5.5 / 365 = 0.015%
- m = number of compounding = 365
- n = number of years = 12
12500 / (1.00015)^(12 x 365) = $6,480.37
<h3>What is the future value of the account at the end of 13 years?</h3>
Future value = monthly deposits x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5.3 / 12 = 0.44%
- n = 13 x 12 = 156
200 x [{(1.0044^156) - 1} / 0.0044] = $44,707.37
<h3>What should be the monthly deposit?</h3>
Monthly deposit = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 6.7 / 12 = 0.56%
- n = 2 x 12 = 24
$14,000 / [{(1.0056^24) - 1} / 0.0056] = $546.64
To learn more about annuities, please check: brainly.com/question/24108530
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Answer: y=<em>300</em>-40x
The <em>y-intercept</em> would be 300
The slope would be -40
Step-by-step explanation:
x=number of months
300 is the amount she starts with
Equation can also be written like so; y=-40x+300 just like in y=mx+b (slope intercept) form
Answer:
Step-by-step explanation:
Given that a bank representative studies compound interest, so she can better serve customers. She analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years.
a) the interest if it is computed using simple interest. 12.00
=
dollars
b) the interest if it is compounded annually.
=
dollars
c) the interest if it is compounded semiannually
=
d) the interest if it is compounded quarterly.
=
e) the interest if it is compounded monthly.
=
