Answer: the value of the account at the end of 6 years is is $8577
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
r = 6% = 6/100 = 0.06
n = 4 because it was compounded 4 times in a year.
t = 6 years
Therefore,.
A = 6000(1+0.06/4)^4 × 6
A = 6000(1+0.015)^24
A = 6000(1.015)^24
A = $8577
Answer:
$403.15
Step-by-step explanation:
Principal loan amount is the total amount minus down-payment:
Knowing that 
, the monthly payments can be calculated using the formula:
![M=P[\frac{r(1+r)^n}{(1+r)^n-1}]\\\\=23000\frac{(0.006658(1.006658)^{72}}{1.006658^{72}-1}\\\\=403.15](https://tex.z-dn.net/?f=M%3DP%5B%5Cfrac%7Br%281%2Br%29%5En%7D%7B%281%2Br%29%5En-1%7D%5D%5C%5C%5C%5C%3D23000%5Cfrac%7B%280.006658%281.006658%29%5E%7B72%7D%7D%7B1.006658%5E%7B72%7D-1%7D%5C%5C%5C%5C%3D403.15)
Hence, the monthly payment is $403.15
The median is 3 that's all I know
F(4) value is 6.
I believe it would work like this:
f(x) is being turned into f(4), so 4 would equal x. Put 4 into the equation 3x-6, and you get 12-6, which gives you 6. So the value of f(4) is 6. I hope this helps!
