Answer:
C
Step-by-step explanation:
Remark
You must do the changes in order. Add 1 then multiply by 2
- First entry: 6
- Add 1: 6 + 1 = 7
- Multiply by 2 = 2*7 = 14
- Add 1: 14 + 1 = 15
- Multiply by 2: 15 * 2 = 30
Answer: 7 14 15 30
Answer:
$110.37
Step-by-step explanation:
Assuming the monthly payment is made at the beginning of the month, the formula for the monthly payment P that gives future value A will be ...
... A = P(1+r/12)((1+r/12)^(nt) -1)/(r/12) . . . . n=compoundings/year, t=years
... 14000 = P(1+.11/12)((1+.11/12)^(12·7) -1)/(.11/12)
... 14000 = P(12.11)((1+.11/12)^84 -1)/0.11 ≈ P·126.84714 . . . . fill in the given values
... P = 14000/126.84714 = 110.37 . . . . . divide by the coefficient of P
They should deposit $110.37 at the beginning of each month.
