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Bumek [7]
4 years ago
11

Calculus- need help with this problem. Above the sigma is an infinity sign and below it says n=1

Mathematics
1 answer:
WITCHER [35]4 years ago
5 0

Answer: B

Step-by-step explanation:

S = An/1 - r

A1 = 6

6/1 - (-1/4)

6/1 + (1/4)

6/1.25

S = 4.8 or 24/5

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You want to purchase a new car in 5 years and you anticipate the cost of the car to be $55,000. You are given an investment plan
Usimov [2.4K]
Wow - that is an unusual calculation.  You'll need a formula for the monthly payment of a monthly annuity, and it is located here:
http://www.1728.org/annuity3.htm  (see formula 2)
You'll find THAT page and THIS page very helpful:
http://www.1728.org/annuitym.htm


rate = rate / 1,200
rate = <span> <span> <span> 0.005166666667 </span> </span> </span>
n= number of months = 5 * 12 = 60

monthly amount = [Total] / ([(1 + rate)^(n+1) -1] / [rate]) -1

monthly amount =
55,000 / [[( 1<span>.005166666667)^</span>(61)-1] /  1<span>.005166666667] -1
</span>
monthly amount = 55,000 / [[<span><span>1.3693761617</span> -1</span>] / .005166666667]-1
monthly amount = 55,000 / [[.3693761617] / .005166666667]-1
monthly amount = 55,000 / ((<span> <span> <span> 71.4921603244)-1)
</span></span></span>monthly amount = 55,000 / (<span> <span> 70.4921603244)</span></span>
<span><span><span>monthly amount = 780.2286062293 </span> </span> </span>
OR 780.23 (rounded)

Yes, it's just that "simple". LOL


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4 years ago
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tino4ka555 [31]
The crystal system or the luster would be the best answer for you.
7 0
3 years ago
Read 2 more answers
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