Given:
Charlie bought a new computer for $450 with his credit card.
He plans to pay the minimum payment of $25 per month.
To find:
The rate of change.
Solution:
Let y be the remaining amount of loan after x months.
Initial amount of loan = $450
Payment of one month = $25
Payment of x months = $25x
Now,
Remining amount = Initial amount of loan - Payment of x months
...(i)
The slope intercept form is
...(ii)
where, m is slope and b is y-intercept.
From (i) and (ii), we get
Therefore, the rate of change is -25 dollars.
Answer:
(x+4)+(2x)
Step-by-step explanation:
<em><u>The least amount of money you would need to invest per month is; $335</u></em>
<em><u>The anticipated rate of return on your investments is; 7%</u></em>
<em><u /></em>
- Amount to have been saved at the end of 10 years ≥ $40,000
Number of years of savings = 10 years.
- We want to find out the least amount to be invested per month.
There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.
- Thus, amount to be saved monthly = 40000/12 = $333.33
- Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.
Thus;
Monthly savings ≈ $335
- Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.
- From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.
Read more at; brainly.com/question/9187598
