Answer:
The balance is $5989.5
Step-by-step explanation:
The savings plan balance is given by the following formula:
![A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]](https://tex.z-dn.net/?f=A%20%3D%20P%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7BAPR%7D%7Bn%7D%29%5E%7Bn%2AY%7D%20-%201%7D%7B%5Cfrac%7BAPR%7D%7Bn%7D%7D%5Cright%5D)
In which A is the savings plan balance, P is the monthly payment, APR is the annual percentage rate(decimal), n is the number of payments per year and Y is the number of years.
In this problem, we have that
Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $150.
So we have to find A when 
.
So
![A = 150*\left[\frac{(1 + \frac{0.07}{12})^{12*3} - 1}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=A%20%3D%20150%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B12%2A3%7D%20-%201%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)
The balance is $5989.5
The answer is 0.948
Enjoy your day/night!
Answer:
About 30 if you want it really specific 29.3
Take 1,760 and divide by 60 which is 29.3
Answer:
b=1-a
Step-by-step explanation:
Inside parenthesis
1/1=1
(replace it with that)
Open parenthesis
a=2-1-b
simplify numbers
a=1-b
isolate b
a-1=-b
multiple each side by negative 1
1-a=b
Answer:
12
Step-by-step explanation:
P(x) has infinitely many solutions, but I am going to find the easiest one, which would be a linear equation.
First, notice that x-2 perfectly divides into itself.
Then, if you add 12 to x-2, you will end up with a remainder of 12. Therefore, P(x) would be x-2+12 = x+10.
Now that we know P(x), we can directly plugin 2 to find out P(2):
2+10 = 12
Therefore, P(2) = 12.
