Answer:
9
Step-by-step explanation:
Answer:
$265.07
Step-by-step explanation:
The formula for the future value of an annuity is applicable.
A = P((1+r)^n-1)/r . . . . where r is the monthly interest rate and n is the number of months. P is the monthly payment, and A is the amount of the future value.
800 = P(1.006^3 -1)/(.006) = 3.018036P
P = 800/3.018036 ≈ 265.07
Sarafina's monthly payments need to be $265.07.
_____
This is about $1.60 less than the 266.67 she would deposit if she simply divided the desired balance by the number of months.
Because this number is rounded down, Sarafina will have a balance after 3 months of $799.99.
The 0's keep adding up and up and up is q
Answer:
3) a = 9
4) v = 16
Step-by-step explanation:
Assuming here that the two questions you're talking about are problem 3 and problem 4, here is my work to find each answer.
<u>Problem 3</u>
First, let's distribute the 5 onto both terms in the parentheses.
5(a - 3) = 30
5(a) - 5(3) = 30
5a - 15 = 30
Next, we can add 15 to both sides to isolate a.
5a - 15 = 30
5a = 45
Finally, divide both sides by 5 to find the value of a.
5a = 45
a = 9
<u>Problem 4</u>
First, let's remove 2 from both sides of the equation.
v/2 + 2 = 10
v/2 = 8
Then, we can multiply both sides by 2 to find the value of v.
v/2 = 8
v = 16