Answer:
(Q) Find the amount in the account at the end of 1 year.
(A) $8,190
2.
(Q) Find the amount in the account at the end of 2 years.
(A) $16,380
6(7n – 5m) + 8m
42n - 30m + 8m
42n -22m
Answer: 42n-22m
Answer:
A = 219
C = 362
Step-by-step explanation:
Given,
581 = C + A
and
$1090.50 = 1.5C + 2.5A
solve 1st for A
A =581 - C
substute into 2nd
1090.50 = 1.5C + 2.5(581 - C)
solve for C
1090.50 = 1.5C + 1452.50 - 2.5C
1090.50 = -C + 1452.50
1090.50 - 1452.50 = -C
-362 = -C
C = 362
then
581 = C + A
581 = 362 + A
219 = A
A = 219
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: x= 34
Step-by-step explanation:
