1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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!
You might be interested in
What is the first step needed to solve (3/4)x-3=-18 ?
inn [45]
First step is Add 3 to both sides
hope it  helps
3 0
2 years ago
Kevin draws a figure that has four sides.All sides have the same length.His figure has no right angles.What figure does Kevin dr
svetoff [14.1K]
Rhombus or diamond I think. I hope that this helps!
5 0
3 years ago
What is an discriminant ​
igor_vitrenko [27]

Answer:

a function of the coefficients of a polynomial equation whose value gives information about the roots of the polynomial.

8 0
2 years ago
Read 2 more answers
What is MEAN ABSOLUTE DEVIATION and how do you find it?
Fynjy0 [20]

Step-by-step explanation:

Step 1: Calculate the mean. Step 2: Calculate how far away each data point is from the mean using positive distances. These are called absolute deviations. Step 3: Add those deviations together. Step 4: Divide the sum by the number of data points.

8 0
2 years ago
A simplifie 6 × ( - 24 ) ÷ ( -4 )​
kumpel [21]

\huge\textbf{Hey there!}

\huge\boxed{\mathsf{6\times(-24)\div (-4)}}\\\huge\boxed{= \mathsf{\dfrac{6(-24)}{-4}}}\\\huge\boxed{\mathsf{= \dfrac{\bold{-144}}{-4}}}\\\huge\boxed{\mathsf{\dfrac{-144\div-4}{-4\div-4}}}\\\huge\boxed{= \mathsf{\dfrac{\bold{36}}{1}}}\\\huge\boxed{\mathsf{= 36\div1}}\\\huge\boxed{\mathsf{= 36}}\\\\\\\huge\text{\bf Therefore, your answer is: \boxed{\mathsf{36}}}\huge\checkmark

\huge\text{\bf Good luck on your assignment and enjoy}\\\huge\text{\bf your day!}

~\frak{Amphitrite1040:)}

8 0
2 years ago
Other questions:
  • How to answer this qn? PLS HELP ME ASAP!
    9·1 answer
  • A rectangle has a length of 2x 5 units and a width of , 3 units. What is the area, in square
    12·1 answer
  • You have $512.50. You earn additional money by shoveling snow. Then you purchase a new cell phone for $249.95 and have $482.55 l
    9·2 answers
  • What is 45 meters in 6 seconds?
    10·2 answers
  • Help on this problem
    10·1 answer
  • Prove that 2^n>n+4 for n>or =3​
    12·1 answer
  • the sales tax on the purchase of a refrigerator that cost $695 is 7 percent.what is the amount of sales tax?
    13·2 answers
  • The circumference of the smaller is 30% of the circumference of the larger circle. Find the circumference of the larger circle.
    9·1 answer
  • SHOW ALL OF WORK. Find missing length, round to the nearest tenth if necessary.
    8·2 answers
  • Draw a tree diagram to represent the following scenario. You choose a random letter from the word SANDWICH. How many possible ou
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!