Answer:
8
Step-by-step explanation:
simplemente encuentre el total de los 8 pagos. Hay 8 pagos ya que habrá 8 retiros totales: (2 años) × (cuatro retiros por año) = 8 retiros.
Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
First step is to determine Jerry total deposit
over the two years
Total deposit = 24×$5
Total deposit= $144
Now let determine what the correct balance will be at end of two years
Using this formula
Maximum Amount=Principal (1+r)^t
<em>Where</em>:
Principal=$144
r=4.8%/12 = 0.4% or 0.004
t=24 months
Let plug in the formula
Maximum Balance = $144 (1.004)^24
Maximum Balance = $158.5
Based on the above calculation both Jerry $100 and Benny $163 balance are eliminated or rule out because the correct balance after two years is $158.5
Inconclusion Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
Learn more here:
brainly.com/question/3658861
Answer:
Yes it is,
Step-by-step explanation:
Degree 1 (Exp 1) and it has 2 elements (2X and 1)
