Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
Answer:Rate of change is 7
Option B is correct.
Step-by-step explanation:
We need to find the average rate of change for
from x = 4 to x = 6
The formula used to find average rate of change is:

Where b = 6 and x = 4
Finding f(6):

Finding f(4):

Now Putting values:


So, Rate of change is 7
Option B is correct.
Keywords: Rate of Change
Learn more about Rate of Change at:
#learnwithBrainly
You can make them have the same denominator and then compare


so as you can see,
Answer:
b. 720
Step-by-step explanation:
1.77 so i wish u good lock