Question

PLS HELP!!! :(( need a good grade

Answer 1

Answer:

The closest answer I got was 29555.50.

Step-by-step explanation:

I used the rate r=0.0825/12 to represent the monthly rate and used that for the whole equation. I final answe I got by plugging in the numbers was 29555.11248. So I'm not too sure whether or not it't correct,

Answer 2

Answer:

B

Step-by-step explanation:

Plug and chug

n=4*12=48 (convert annual to monthly)

P=725

r=0.0825/12=0.006875 (convert % to decimal & annual to monthly)

So

A=(725[(1.006875^48)-1]/[0.006875(1.006875^48)]

A=29555.1125