1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svet-max [94.6K]
3 years ago
6

Veronica plans to make a $95 a month annuity payment to an account that earns 3% annual interest to build up her savings. How mu

ch can she save in 10 years with this plan?
A 7,122.49
B 13,275.43
C 21,846.27
D 38,960.76
Mathematics
1 answer:
erastova [34]3 years ago
3 0

Answer:

A. 13,275.43

Step-by-step explanation:

Given the principal as $95, annual rate as 3% and term of the annuity as10yrs/

#First we determine the effective rate per payment period

i_{12}=0.03/12=0.0025

# Annuity formula is given as:

A=P[{\frac{(1+i)^n-1)}{i}}], \ i=0.0025, n=12\times10=120,p=95\\\\A=95[{\frac{(1.0025)^{120}-1)}{0.0025}}]\\\\A=13275.43

Hence, Veronica needs to save $13,275.43

You might be interested in
Find the general solution of the differential equation. (Use C for any needed constant.) dy dx = 1 − y
daser333 [38]

Answer:

Step-by-step explanation:

Give the DE

dy/dx = 1-y

Using variable separable method

dy = (1-y)dx

dx = dy/(1-y)

Integrate both sides

 ∫dx =  ∫dy/(1-y)

 ∫dy/(1-y)=  ∫dx

-ln(1-y) = x+C

ln(1-y)^-1 = x+C

Apply e to both sides

e^ln(1-y)^-1 = e^,(x+C)

(1-y)^-1 = Ce^x

1/(1-y) = Ce^x

4 0
4 years ago
A regular octagon has side length 10.9 in. The perimeter of the octagon is 87.2 in cm and the area is 392.4 in2. A second octago
Bingel [31]
Hello,

c1=10.9 (in) A1=392.4 (in²)
c2=21.8 (cm) =21.8/2.54 (in)

k=c2/c1=(21.8/(2.54*10.9)=2/2.54

A2=(2/2.54)²*392.4=243,28848...≈243.29 (in²)




4 0
3 years ago
Read 2 more answers
Greg has 4 different colored cards in a box, yellow, red, blue, and green. He randomly selects one card, record the color, then
BigorU [14]

Answer:

75

Step-by-step explanation:

300/4

7 0
4 years ago
Can somebody help me asap
Tomtit [17]

Answer:

oof ok i tried really hard hope you can read it... hope this makes mlre sense.

3 0
4 years ago
Cherie works at an hourly rate of $11.28 per hour and worked 46 hours last week. She earns overtime for hours exceeding 40 hours
777dan777 [17]
40(11.28)+6(11.28*1.5)
40(11.28)+6(16.92)
451.2+101.52
$552.72
3 0
3 years ago
Other questions:
  • I'll appreciate you help
    7·2 answers
  • Which of the following is true regarding the solution to the logarithms equation below?
    9·1 answer
  • Can someone help me with this plz I am so confused??
    15·2 answers
  • Please help me out with this!!!!!!!
    13·1 answer
  • If the radius of circle O is 10 inches and m∠UON=90∘, what is the area of sector URN⌢?
    15·1 answer
  • A computer is used to generate passwords. Passwords are made up of numbers from 1–8 and lowercase letters. The computer generate
    12·2 answers
  • PLEASE HELP With math
    5·1 answer
  • Find the slope!! Please
    10·1 answer
  • Ramiro rode his bike for (1 1/2 ) miles in 1/7 hour. The number of miles Ramiro biked in 1 hour is?
    9·1 answer
  • Which of the fractions below is closest to zero? 1/4 1/5 1/6 1/8
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!