Answer:
4×10⁶ is the answer.........
The saving plan balance is $3,677.53.
Given that,
- The no of months is 18.
- The annual percentage rate is 3% so the monthly rate percentage is 0.25%.
- And, the monthly payment is $200.
Based on the above information, the following formula should be used:
FVA = PMT× [(1+r)^n - 1] ÷ r
= $200 × [(1+ 0.0025)^18 - 1] ÷ 0.0025
= $3,677.53
Therefore we can conclude that the saving plan balance is $3,677.53.
Learn more: brainly.com/question/14191332
Answer: y = x -1
reasoning: the slope is 1 because the rise/run = 1/1, which simplifies to 1.
the y intercept is -1 because the line passes through the y axis at -1.
hope this helps!
This is question #8. First what you do is turn all the denominators to 8, and them you just add, so it's 3.5 in decimal, and 3 4/8 in mixed fraction, and if you simplify that you get 3 1/2 as your fraction, and if you want that as improper fraction you get 28/8. And for #7 there must be a diagram, can you show me that, maybe I can help.
