How much money will be accrued after 3 years if a principal investment of $820 is compounded continuously at 5%?
1 answer:
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Answer:
C) x=2
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Answer:
yearly cost for housing expenses = $11,400, average monthly cost for food = $650
yearly clothing cost = $900,
average monthly cost for transportation= $500,
Yearly cost for insurance & medical= $14,400
yearly cost for emergency fund = $600
average monthly college saving = $50
Step-by-step explanation:
Yearly housing = monthly cost * 12 = 950 * 12 = 11400
Food, monthly = 7800 /12 = 650
Clothing, yearly = 75 * 12 = $900
Monthly transport = 6000 / 12 = $500
Insurance and medical = 1200*12 =14400
Emergency fund = $50 * 12 = $600
College saving = $600 / 12 = $50
