Answer:
$62,490.65
Step-by-step explanation:
If we assume her deposits are at the beginning of the month, and that the interest is compounded monthly, the future value is that of an "annuity due." The formula is ...
FV = P(1+r/n)((1+r/n)^(nt)-1)/(r/n)
where r is the APR (.0276), n is the number of yearly compoundings (12), P is the monthly payment ($280), and t is the number of years (15). Putting the numbers into the formula and doing the arithmetic, we get ...
FV = $280(1.0023)(1.0023^180 -1)/(.0023) ≈ $62,490.65
Angelica's account balance after 15 years will be $62,490.65.
_____
If her deposits are at the end of the month, the balance will be $62,347.25.
First find the slope using the slope formula M= (y2-y1) divided by (x2-x1) and then take the slope and and the 1st set of points (x1, y1) and plug it into the slope intercept formula which is y-y1=m(x-x1), then you need to add or subtract variables to correlate with the standard form formula which is ax + by = c.
Hope that helps!
Quadrilateral RICE is a rectangle because the lengths of the quadrilateral have 2 sides congruent to each other. Also, RICE has slopes with opposite fractions which make the sides parallel to each other.
Answer:$1,929.20
Step-by-step explanation:First off, I noted that the answers are pretty far apart so I rounded up to $50 to make it simpler (you should only do this if the answers are pretty far apart from one another.)
$50 per day × 5 days per week × 8 weeks = $2,000. Closest answr (because I rounded) is $1,929.20.
