Answer:
1/3
Step-by-step explanation:
120/360 = 12/36 = 2/6 = 1/3
Answer:
#4- Descending- 9140, 4593, 3401, 1250
#5- Ascending- 1845, 4478, 7324, 9750
Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
Answer:
Step-by-step explanation:
look at picture
Answer:
I think its (6042 = 1780 + a) but I'm not really sure though but I hope if that helped somehow
