Answer:
The money after 3 years is $5819.8735
Step-by-step explanation:
We are given
monthly payment =$75
so, P=75
annuity that earns 48% APR
so, r=48%
Since, it is compounded monthly
so,
%
i=0.04

now, we can use annuity formula
![FV=P[\frac{(1+i)^n-1}{i} ]](https://tex.z-dn.net/?f=FV%3DP%5B%5Cfrac%7B%281%2Bi%29%5En-1%7D%7Bi%7D%20%5D)
where
FV is future value
now, we can plug values
![FV=75[\frac{(1+0.04)^{36}-1}{0.04} ]](https://tex.z-dn.net/?f=FV%3D75%5B%5Cfrac%7B%281%2B0.04%29%5E%7B36%7D-1%7D%7B0.04%7D%20%5D)
we get

The money after 3 years is $5819.8735
Answer:
Step-by-step explanation:
If she was given a discount of 12% then the amount to be paid becomes I=P×R×T/100
I=400000×12×20/100
I=960000
Amount to be paid =I +P= 960000+400000=1360000
To liquidate this amount in 20 years therefore will be A÷20
1360000÷20
=68000 yearly
Answer:
the answer b or c I hold this helps
Answer:
- 7/2
Step-by-step explanation:
- sqrt(49/4)
We know that sqrt(a/b) = sqrt(a)/ sqrt(b)
- sqrt(49)/sqrt(4)
- 7/2