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o-na [289]
3 years ago
5

You plan to save $370 per month starting today for the next 46 years "just to start the month off right." You feel that you can

earn an interest rate of 9.7 percent compounded monthly. How much will there be in the account 46 years from today
Business
1 answer:
qwelly [4]3 years ago
4 0

Answer:

You plan to save $370 per month starting today for the next 46 years at an interest rate of 9.7% will be <u>$791046.3155</u>

Explanation:

Rate = 9.7% / 12 = 0.808333%

Number of periods = 30 * 12 = 360

Future value = ( 1 + r) * Monthly payments * [ ( 1 + r)n - 1] / r

Future value = ( 1 + 0.00808333) * 370 * [ ( 1 + 0.00808333)360 - 1] / 0.00808333

Future value = 1.00808333 * 370 * 2,120.819723

Future value = $791046.3155

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Answer:

B

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2 years ago
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Answer:

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Factory built Housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

<h3>What is Factory built Housing?</h3>

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Hence , Factory built Housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

Learn more about Housing at:

brainly.com/question/25773221

#SPJ1

CHECK THE COMPLETE QUESTION:

---------------housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

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