Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
X equals the square root of 6-x
x= the eqaution for number 2
98 isnt a prime, which means that it is a composite number
1) Distribute
2x + 28x + 21
2) Combine like terms
30x + 21
Since there are no more like terms, 30x and 21 cannot be combined. Therefore, the answer is 30x+ 21
25/45=(5∗5)/(5∗9)=5/9
5/9 is the answer.
