Answer:
The balance is $5989.5
Step-by-step explanation:
The savings plan balance is given by the following formula:
![A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]](https://tex.z-dn.net/?f=A%20%3D%20P%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7BAPR%7D%7Bn%7D%29%5E%7Bn%2AY%7D%20-%201%7D%7B%5Cfrac%7BAPR%7D%7Bn%7D%7D%5Cright%5D)
In which A is the savings plan balance, P is the monthly payment, APR is the annual percentage rate(decimal), n is the number of payments per year and Y is the number of years.
In this problem, we have that
Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $150.
So we have to find A when 
.
So
![A = 150*\left[\frac{(1 + \frac{0.07}{12})^{12*3} - 1}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=A%20%3D%20150%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B12%2A3%7D%20-%201%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)
The balance is $5989.5
Answer:
I would but...
Step-by-step explanation:
where the question at
Answer:
C: 697 in^2
Step-by-step explanation:
Since parallelograms have parallel lines, the 41 in and 33 in have the same area, the 17 inch and the opposite have the same area too.
You don't need any solution for this since this question already gave you the answer without needing to do any calculation except for finding the area of the parallelogram.
41 x 17 = 697in^2
Answer:
- {-3.2, -1.4, 0.4 2.2, 4.0, 5.8}
- common difference: 1.8
Step-by-step explanation:
The difference between the two numbers is ...
5.8 -(-3.2) = 9
The four "means" divide this interval into 5 parts, so each part has a length of ...
9/5 = 1.8 . . . . the common difference
The values of the "means" can be found by adding 1.8 successively:
-3.2 +1.8 = -1.4
-1.4 +1.8 = 0.4
0.4 +1.8 = 2.2
2.2 +1.8 = 4.0
Including the given numbers, the arithmetic sequence is ...
-3.2, -1.4, 0.4, 2.2, 4.0, 5.8 . . . . . common difference of 1.8
Answer:
Area 1 is the best option
Step-by-step explanation:
Given Data:
Area 1 = 0.75 dam square
Price = €11,620
Area 2 = 0.009 ha
at €193,500
Area 3 = 0.84a
at €68,900
Where ha ( hectare )
a ( area )
Solution
First we convert all areas to square meter ( m² )
Area 1 = 100 * 0.75 dam square
= 75m²
Cost of area 1/ square meter
= €11,620 / 75m²
= €154.93 / square meter
Area 2 = 0.009 ha * 10,000
= 90m²
Cost of area 2 / square meter
= €193,500 / 90m²
= €2,150 / square meter
Area 3 = 0.84a * 100
= 84m²
= Cost of area 3 / square meter
= €68,900 / 84m²
= €820.23 / square meter
