The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
Answer:
75
Step-by-step explanation:
125-(5*10)
125-(50)
75
2x-8(-7-x)=6
2x+56+8x=6
10x=-50
x=-5
y=-7-(-5)
y=-2
(-5,-2)
Answer:
here is no question sorry
Answer:
The slope is 2
Explanation:
The equation is written in y=mx+b
M would always be the slope and b the y intercept
Hope this helps!!
