![\bf \qquad \qquad \textit{Future Value of an ordinary annuity} \\\\ A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]](https://tex.z-dn.net/?f=%5Cbf%20%5Cqquad%20%5Cqquad%20%5Ctextit%7BFuture%20Value%20of%20an%20ordinary%20annuity%7D%0A%5C%5C%5C%5C%0AA%3Dpymnt%5Cleft%5B%20%5Ccfrac%7B%5Cleft%28%201%2B%5Cfrac%7Br%7D%7Bn%7D%20%5Cright%29%5E%7Bnt%7D-1%7D%7B%5Cfrac%7Br%7D%7Bn%7D%7D%20%5Cright%5D)

![\bf A=5280\left[ \cfrac{\left( 1+\frac{0.06}{1} \right)^{1\cdot 4}-1}{\frac{0.06}{1}} \right]](https://tex.z-dn.net/?f=%5Cbf%20A%3D5280%5Cleft%5B%20%5Ccfrac%7B%5Cleft%28%201%2B%5Cfrac%7B0.06%7D%7B1%7D%20%5Cright%29%5E%7B1%5Ccdot%20%204%7D-1%7D%7B%5Cfrac%7B0.06%7D%7B1%7D%7D%20%5Cright%5D)
Joe is making $485 payments monthly, but the amount gets interest on a yearly basis, not monthly, so the amount that yields interest is 485*12
also, keep in mind, we're assuming is compound interest, as opposed to simple interest
It has to be the second one and it’s part of that answer or maybe it’s the third one
Answer:
4 DLLS
Step-by-step explanation:
Hey there!
First, divide both sides by 12
-12(k+4)/-12= 60/-12 and you would getk+4=5
Now subtract 4 from both sides
k+4-4= 5-4
k=-9
Answer:
C
Step-by-step explanation:
add them