Answer:
$6,506.51
Step-by-step explanation:
Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)
As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12
<u>Month 0</u> (first payment)
$250
Month 1
<u>Month 2</u>
<u>Month 3</u>
<u>Month 24 (2 years)</u>
The sum
is the sum of the first 24 terms of a geometric sequence with common ratio which is
so, after 2 years the saving balance is
250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.
Answer:
I agree with you,I also think its B
Step-by-step explanation:
The product of five and FOUR is twenty.
The will intersect at a point with a positive x coordinate.
We can tell this because they actually already have a shared space on the graph. If you plot the 3 points of g(x) given, you'll see that f(x) and g(x) both share the coordinate (1, 3). As a result, we know that they do intersect and it is where x (1) is a positive number.
Answer:The total cost for the car including tax is $27423.75
Step-by-step explanation:
The initial price of the car that you want is 25,750. If the sales tax rate is 6.5%, it means that the amount of sales tax would be
6.5/100 × 25750 = 0.065 × 25750 = 1673.75
The total cost for the car including tax would be the sum of the initial cost of the car and the amount of tax. It becomes
25750 + 1673.75 = $27423.75