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viva [34]
3 years ago
13

How long would it take for $45 to increase $150 at 6% compounded annually? (Answer to the nearest year.)​

Mathematics
1 answer:
Svetach [21]3 years ago
5 0

Answer:

It wil take approximately 20 years 7 months and 29 days for the account to go from $45 to $150, or 21 years rounded to the nearest year.

+ if this helped, please consider marking it the Brainliest

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Need the answer to number 8 pls
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We can split it up into

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3 years ago
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Studentka2010 [4]

Answer:

Step-by-step explanation:

As it is supposed to be linear, we just subtract two adjacent months to find the difference.

$13,849.60 - $13,610.81 = $238.79  which will be her monthly payment (Q 14)

December's balance is $13,610.81 - $238.79 = $13,372.02 (Q13)

At the end of September, her first payment, her balance was

$13,849.60 + $238.79 = $14,088.39 and her original purchase price was

$14,088.39 + $238.79 = $14,327.18

so an equation for the current balance B at any month m is

B = (-$238.79)m + $14,327.18

We verify this by testing for February

B = (-$238.79)6 + $14,327.18 = $12,894.44  which checks out

It will take 14327.18 / 238.79 = 60 months to pay it off or 5 years (Q 15)

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3 years ago
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serious [3.7K]

Answer:

I got you write back when youre on my page

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3 years ago
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