Step-by-step explanation:
1. a² - ( b ² - 2bc + c² ) = a ² - b ² + 2bc - c²
2. 8p² - 18 q²
3. 3ab² - c²d + 3ab - b²c²
4. x² - 2x + 1
The amount of money in the account after 10 years is $278,814.10.
<h3>What will be the value of the account after 10 years?</h3>
The first step is to determine the amount she has left to invest.
Amount invested = amount won - amount spent on vacation
$250,000 - $10,000 = $240,000
The second step is to determine the future value of the account. The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate = 1/5/12 = 0.125%
- m = number of compounding =12
- N = number of years
240,000 x 1.00125^(12 x10) = $278,814.10
To learn more about future value, please check: brainly.com/question/18760477
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The answer is B. Rational
Answer:
a. Jack's monthly periodic rate = 1%
b. Jill's monthly periodic rate = 1.75%
c. Amount paid more by Jill than Jack = $5.25
Step-by-step explanation:
a. Jack was approved for a card with an APR of 12%. What was his monthly periodic rate?
Jack's monthly periodic rate = Jack's annual percentage rate (APR) / Number of months in a year = 12% / 12 = 1%
b. Jill was approved for a card with an APR of 21%. What was her monthly periodic rate?
Jill's monthly periodic rate = Jill's APR / Number of months in a year = 21% / 12 = 1.75%
c. If each of them had an average daily balance of $700 and had to pay a finance charge, how much MORE will Jill pay than Jack?
Jack's finance charge = Jack's monthly periodic rate * Average daily balance = 1% * $700 = $7
Jill's finance charge = Jill's monthly periodic rate * Average daily balance = 1.75% * $700 = $12.25
Amount paid more by Jill than Jack = Jill's finance charge - Jack's finance charge = $12.25 - $7 = $5.25
The second one makes the most sense
