Mr. smith wants to save for his son's college education. if he deposits $250 each month at 7% compounded monthly, how much will he have in the account after 39 months?
1 answer:
First find out how much interest earned each month by multiplying .07 x 250.00 = 17.50.
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Sixty-two thousand, one hundred thirty-seven.
6.0 x 10^-5 I think is the answer
Answer:
Step-by-step explanation:
Given
Required
The midpoint (M)
This is calculated as:
So, we have:
Answer: 8/35.
Step-by-step explanation: Since 1/5 and 2/7 is not equal, you would need to find a common denominator. The common denominator would be 35 = 7/35 + 10/35. After you add you will get your answer. I hope this helps. ;)
