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Anit [1.1K]
3 years ago
6

Find the savings plan balance after 12 12 months with an apr of 8 8​% and monthly payments of ​$ 100 100.

Mathematics
1 answer:
ella [17]3 years ago
6 0
Assume first payment is at the end of the first month.

APR=8% per annum = 0.08/12 per month
n=12 months
Monthly payment, A = $100

Future value 
F=\frac{A((1+i)^n-1)}{i}
=\frac{100((1+0.066/12)^12-1)}{0.066/12}
=6.803356/0.0055
=1236.97
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STALIN [3.7K]

ax² + bx + c = 0

x = (-b ± √(b² - 4ac))/2a


First, rewrite the first equation so that the first coefficient is 1. Divide everything by a.

(ax² + bx + c = 0)/a =

x² + (b/a)x + (c/a) = 0

Isolate (c/a) by subtracting (c/a) from both sides

x² + (b/a)x + (c/a) (-(c/a) = 0 (- (c/a)

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Add spaces

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Take 1/2 of the middle term's coefficient and square it. Remember that what you add to one side, you add to the other.

x² + (b/a)x + (b/2a)² = -c/a + (b/2a)²

Simplify the left side of the equation.

x² + (b/a)x + (b/2a)² = (x + (b/2a))²

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Take the square root of both sides of the equation

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x + b/(2a) = (±√(b² - 4ac)/2a

Simplify. Isolate the x.

x = -(b/2a) ± (∛b² - 4ac)/2a = (-b ± √(b² - 4ac))/2a

~

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3 years ago
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pashok25 [27]

Answer:

If you need any further help, feel free to let me know

Step-by-step explanation:

The answers are

(8-9)-(9+3)*5=-61

5+(5+5+6)+9=30

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3 years ago
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Step-by-step explanation:

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