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maks197457 [2]
3 years ago
5

In order to accumulate enough money for a down payment on a​ house, a couple deposits $608 per month into an account paying 6% c

ompounded monthly. If payments are made at the end of each​ period, how much money will be in the account in 6 ​years? Type the amount in the account=$ (round to the nearest dollar)
Mathematics
1 answer:
____ [38]3 years ago
8 0
Hi there
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT monthly payment 608
R interest rate 0.06
K compounded monthly 12
N time 6years
So
Fv=608×(((1+0.06÷12)^(12×6)
−1)÷(0.06÷12))
=52,536.58...answer

Good luck!
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Oliver has 3 times as many rocks in his collection as Katie. Then Oliver collected 75 more rocks and Katie collected 105 more ro
Evgesh-ka [11]

Answer:

The answer to your question is Katie had 15 rocks and Oliver 45 rocks.

Step-by-step explanation:

Conditions

Katie has x amount of rocks

Oliver has 3x amount of rocks

The final amount of rocks

                                    Oliver = 3x + 75

                                     Katie = x + 105

Now, they have the same amount of rocks, then we can equal both equations

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Solve for x

                                     3x - x = 105 - 75

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                                             x = 30/2

                                             x = 15

Conclusions

At first Katie had 15 rocks and Oliver had 3(15) = 45 rocks

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3 years ago
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