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murzikaleks [220]

3 years ago

14

you find a mutual fund that offers approximately 7.5% APR compounded monthly you will invest enough each month to have 2000 at t

he end of the year how much will you have invested at the end of the first year ? asap please

2 answers:

Nastasia [14]3 years ago

6 0

Answer:

Assume you will invest fixed amount x at the starting of each month

S(12): (1.00625x)*(1.00625^(12)-1)/(1.00625-1) = 2000

x=160

you will invest fixed amount 160 at the starting of each month and get 2000 at the end of the year ,which compounded 7.5% monthly.

how much will you have invested at the end of the first year ?

160*12=1920

NARA [144]3 years ago

3 0

Answer:

if its on APEX and says 7% APR and $1000 dollars cash the answer is $968.28

Step-by-step explanation:

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3 years ago

2.75 + .003 + .158 =

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3 years ago

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COMPUTE<br><br> 3 ( 2 1/2 - 1 ) + 3/10

Juli2301 [7.4K]

Answer:

<h3> $\boxed{ \frac{24}{5} }$ </h3>

Step-by-step explanation:

$\mathsf{3(2 \frac{1}{2} - 1) + \frac{3}{10} }$

Convert mixed number to improper fraction

$\mathrm{3( \frac{5}{2} - 1) + \frac{3}{10} }$

Calculate the difference

⇒ $\mathrm{3( \frac{5 \times 1}{2 \times 1} - \frac{1 \times 2}{1 \times 2} }) + \frac{3}{10}$

⇒ $\mathrm{ 3 \times( \frac{5}{2} - \frac{2}{2}) } + \frac{3}{10}$

⇒ $\mathrm{3 \times ( \frac{5 - 2}{2} ) + \frac{3}{10} }$

⇒ $\mathrm{3 \times \frac{3}{2} + \frac{3}{10} }$

Calculate the product

⇒ $\mathrm{ \frac{3 \times 3}{1 \times 2} + \frac{3}{10} }$

⇒ $\mathrm{ \frac{9}{2} + \frac{3}{10}}$

Add the fractions

⇒ $\mathsf{ \frac{9 \times 5}{2 \times 5} + \frac{3 \times 1}{10 \times 1} }$

⇒ $\mathrm{ \frac{45}{10} + \frac{3}{10} }$

⇒ $\mathrm{ \frac{45 + 3}{10 } }$

⇒ $\mathrm{ \frac{48}{10} }$

Reduce the numerator and denominator by 2

⇒ $\mathrm{ \frac{24}{5} }$

Further more explanation:

<u>Addition </u><u>and </u><u>Subtraction</u><u> </u><u>of </u><u>like </u><u>fractions</u>

While performing the addition and subtraction of like fractions, you just have to add or subtract the numerator respectively in which the denominator is retained same.

For example :

Add : $\mathsf{ \frac{1}{5} + \frac{3}{5} = \frac{1 + 3}{5} } = \frac{4}{5}$

Subtract : $\mathsf{ \frac{5}{7} - \frac{4}{7} = \frac{5 - 4}{7} = \frac{3}{7} }$

So, sum of like fractions : $\mathsf{ = \frac{sum \: of \: their \: number}{common \: denominator} }$

Difference of like fractions : $\mathsf{ \frac{difference \: of \: their \: numerator}{common \: denominator} }$

<u>Addition </u><u>and </u><u>subtraction</u><u> </u><u>of </u><u>unlike </u><u>fractions</u>

While performing the addition and subtraction of unlike fractions, you have to express the given fractions into equivalent fractions of common denominator and add or subtract as we do with like fractions. Thus, obtained fractions should be reduced into lowest terms if there are any common on numerator and denominator.

For example:

$\mathsf{add \: \frac{1}{2} \: and \: \frac{1}{3} }$

L.C.M of 2 and 3 = 6

So, ⇒ $\mathsf{ \frac{1 \times 3}{2 \times 3} + \frac{1 \times 2}{3 \times 2} }$

⇒ $\mathsf{ \frac{3}{6} + \frac{2}{6} }$

⇒ $\frac{5}{6}$

Multiplication of fractions

To multiply one fraction by another, multiply the numerators for the numerator and multiply the denominators for its denominator and reduce the fraction obtained after multiplication into lowest term.

When any number or fraction is divided by a fraction, we multiply the dividend by reciprocal of the divisor. Let's consider a multiplication of a whole number by a fraction:

$\mathsf{4 \times \frac{3}{2} = \frac{4 \times 3}{2} = \frac{12}{2} = 6}$

Multiplication for $\mathsf{ \frac{6}{5} \: and \: \frac{25}{3} }$ is done by the similar process

$\mathsf{ = \frac{6}{5} \times \frac{25}{3} = 2 \times 5 \times 10}$

Hope I helped!

Best regards!

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Lorico [155]

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4 years ago

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Chau made $252 for 18 hours of work. At the same rate, how much would he make for 9 hours of work?

Akimi4 [234]

Answer:

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Step-by-step explanation:

$252/$18=$14 dollars per hour.

now take 14*9 and you get $126.

7 0

3 years ago

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