A person might accidentally overdraw because they did not reconcile their statement.

Mathematics

1 answer:

Sonbull [250]3 years ago

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Sarafina is making monthly payments into an annuity. She wants to have $900 in the fund to buy a new convection range in six m

Oksi-84 [34.3K]

$\bf \qquad \qquad \textit{Future Value of an ordinary annuity}
\\\\
A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]$

$\bf \begin{cases}
A=
\begin{array}{llll}
\textit{accumulated amount}\\
\end{array}\to &
\begin{array}{llll}
900
\end{array}\\
pymnt=\textit{periodic payments}\\
r=rate\to 8.4\%\to \frac{8.4}{100}\to &0.084\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{monthly payments, thus}
\end{array}\to &12\\

t=years\to \frac{6}{12}\to &\frac{1}{2}
\end{cases}
\\\\\\
900=pymnt\left[ \cfrac{\left( 1+\frac{0.084}{12} \right)^{12\cdot \frac{1}{2}}-1}{\frac{0.084}{12}} \right]$

solve for "pymnt"

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What’s the answer to this? Only if u know thanks!

Anon25 [30]

I’m pretty sure that it’s smth like this

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(-3)(16)=<br> What is the question to this answer?

SVETLANKA909090 [29]

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Since there is a minus sign, the answer is -48.

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Answer:

Step-by-step explanation:

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grin007 [14]

Answer: 500x + 700 > 120000

Step-by-step explanation:

Let x represent the number of castles he must conquer in order to break the record.

The site awards him 700 points for joining the game and another 500 points for every castle he conquers. This means that if he conquers x castles, the total number of points that he would have is

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500x + 700 > 120000

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