Answer:
3584
Step-by-step explanation:
Answer:
FV= $123,879.85
Step-by-step explanation:
Giving the following information:
Montlhy deposit (A)= $100
Monthly interest rate (i)= 0.09/12= 0.0075
Number of periods (n)= 12*26= 312 months
<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*[(1.0075^312) - 1]} / 0.0075
FV= $123,879.85
Answer: 5 weeks
Explanation:
Jess starts with $22 and saves $5 per week, Rosie has $10 and saves $8 per week.
In order to find an equal amount of money between the two girls is by finding a common denominator.
Jess- 22, 27, 32, 37, 42
Rosie- 10, 18, 26, 34, 42
Since we found that they can both end up with $42, after a certain amount of weeks have passed, now you’ll want to count how many numbers are in each row to find the amount of weeks it took to get to an equal amount
Answer:
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