Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
Answer:
# 2 the you are on the right one
Step-by-step explanation:
Answer:
x= 0
Step-by-step explanation:
6x-4=2(3x-2)
or,6x-4=6x-4
or,x=o
D. 192in^2
This would be a simple area problem with a triangle. REMEMBER THIS EQUATION: a=bh*1/2 (b for base and h for height, these are multiplied together then that answer is halved out.)
So we just need to plug in our values into the equation, so the equation would look like a= (16)*(24)*1/2. 16 times 24 would then give you 384, you could either divide by 2 or multiply by 0.5 to get the next answer, as long as your HALVING the answer.
So we have our bh value so now we can multiply by 1/2 which will give us 384*1/2 which leaves us with 192.
I have also attached a photo of doing a longer(ish) way than this, that also proves that this equation works. Either one will provide you an answer.
They are the same because if you add a zero it doesnt change it