Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
First step is to determine Jerry total deposit
over the two years
Total deposit = 24×$5
Total deposit= $144
Now let determine what the correct balance will be at end of two years
Using this formula
Maximum Amount=Principal (1+r)^t
<em>Where</em>:
Principal=$144
r=4.8%/12 = 0.4% or 0.004
t=24 months
Let plug in the formula
Maximum Balance = $144 (1.004)^24
Maximum Balance = $158.5
Based on the above calculation both Jerry $100 and Benny $163 balance are eliminated or rule out because the correct balance after two years is $158.5
Inconclusion Assuming Jerry calculates that if he makes a deposit of $6 each month at an APR of 4.8%, then at the end of two years the correct balance will be: $158.5
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brainly.com/question/3658861
Answer:
Square
Step-by-step explanation:
6 *
= 600,000,000
I would put a decimal or dot to the right of 6 and count 8 zeros places to the right.
6. 0 0 0 0 0 0 0 0.
It's D, it's the only one where it has a -6 at the end other than A, but if you look at the A when distributed there isn't a 23x<span />
Answer:
One number is 15 and 3 less than that is 12 so that is your other number