Answer:
The balance is $5989.5
Step-by-step explanation:
The savings plan balance is given by the following formula:
![A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]](https://tex.z-dn.net/?f=A%20%3D%20P%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7BAPR%7D%7Bn%7D%29%5E%7Bn%2AY%7D%20-%201%7D%7B%5Cfrac%7BAPR%7D%7Bn%7D%7D%5Cright%5D)
In which A is the savings plan balance, P is the monthly payment, APR is the annual percentage rate(decimal), n is the number of payments per year and Y is the number of years.
In this problem, we have that
Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $150.
So we have to find A when 
.
So
![A = 150*\left[\frac{(1 + \frac{0.07}{12})^{12*3} - 1}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=A%20%3D%20150%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B12%2A3%7D%20-%201%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)
The balance is $5989.5
Answer:
3
Step-by-step explanation:
24x (1/8) = 3
hope this helps
There are 1760 yards in a mile
2 miles = 3520 yards
he runs 80 yards per practice (4×20)
3520÷80= 44
he needs to do the practice 44 times.
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There are 128 oz in a gallon
he brought two gallons, meaning 256 oz
each cup holds 8 oz
256 ÷ 8 = 32
he can serve 32 cups.
Answer:
12.5 pages
Step-by-step explanation:
32 minutes/2 pages = 16 minutes per a page
200 minutes/16= 12.5 pages
Answer:
i believe so
Step-by-step explanation:
