2x-3+(15)/(5x+1) Hope this helps
There are many ways you can start off by solving an equation. In this case, the first operation used in solving this equation would be subtraction. You would have to subtract 5 from each side.
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:
the answer is <em><u>1</u></em><em><u>1</u></em><em><u>7</u></em><em><u>8</u></em><em><u>8</u></em> :) your welcome
