3 years ago

Please help me with this math quiz.

Mathematics

1 answer:

Ulleksa [173]3 years ago

7 0

Answer:

A=0.62

B= $\frac{7}{9}$

C= $\frac{10}{9}$

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$\bf \qquad \qquad \textit{Future Value of an ordinary annuity}
\\\\
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$\bf \begin{cases}
A=
\begin{array}{llll}
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\end{array} &
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\begin{array}{llll}
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\end{array}\to &1\\

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\end{cases}
\\\\\\
$

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Joe is making $485 payments monthly, but the amount gets interest on a yearly basis, not monthly, so the amount that yields interest is 485*12

also, keep in mind, we're assuming is compound interest, as opposed to simple interest

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