1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mashutka [201]
3 years ago
7

Angelica has been depositing $280 each month into a savings account with an APR of 2.76% for the last 3 years. If she continues

depositing this amount for an additional 12 years, what will the balance in her savings account be?
Mathematics
1 answer:
katen-ka-za [31]3 years ago
7 0

Answer:

  $62,490.65

Step-by-step explanation:

If we assume her deposits are at the beginning of the month, and that the interest is compounded monthly, the future value is that of an "annuity due." The formula is ...

  FV = P(1+r/n)((1+r/n)^(nt)-1)/(r/n)

where r is the APR (.0276), n is the number of yearly compoundings (12), P is the monthly payment ($280), and t is the number of years (15). Putting the numbers into the formula and doing the arithmetic, we get ...

  FV = $280(1.0023)(1.0023^180 -1)/(.0023) ≈ $62,490.65

Angelica's account balance after 15 years will be $62,490.65.

_____

If her deposits are at the end of the month, the balance will be $62,347.25.

You might be interested in
What is a rational expression R(x)​
kiruha [24]

An irrational number cannot be expressed as a ratio between two numbers and it cannot be written as a simple fraction because there is not a finite number of numbers when written as a decimal. Instead, the numbers in the decimal would go on forever, without repeating.

8 0
3 years ago
Binomial theorem Expand (5 - y)3
Snowcat [4.5K]

Answer:

(5 - y) ^3 = 125 - 75y + 15y^2 - y^3

Step-by-step explanation:

Binomial expression

1

1. 1

1. 2. 1

1. 3. 3. 1 --------power of 3

( 5 - y) ^3

( 5 - y) (5 - y) (5 - y)

( a + b) ^3 = a^3 + 3a^2b + 3ab^2 + b^3

a = 5

b = -y

( 5 - y) ^2 = ( 5 - y) (5 - y)

= 5( 5 - y) - y(5 - y)

= 25 - 5y - 5y + y^2

=(25-10y+y^2)

( 25 - 10y + y^2)( 5 - y)

= 5(25 - 10y + y^2) - y( 25 - 10y + y^2)

= 125 - 50y + 5y^2 - 25y + 10y^2 - y^3

Collect the like terms

= 125 - 50y - 25y + 5y^2 + 10y^2 - y^3

= 125 - 75y + 15y^2 - y^3

7 0
3 years ago
When you find 36 is 42% of what number, what are you looking for?​
arsen [322]

Answer:

dezzzz nuts

Step-by-step explanation:

im eating poop

5 0
3 years ago
Pls i need help!!!! will give brainliest also i will report spamming
AleksandrR [38]

Answer:

4+(n-1)*6=  -2n+4

Step-by-step explanation:

6 0
2 years ago
Read 2 more answers
An office supply store A isn’t offering copy paper for $3.00 per pack. Store B is running a special of buy two for $4.20 each an
LiRa [457]
Store B, since they are two for 4.20$ while Store A has only ONE for 3.00$ meaning let’s say we’re gonna buy two packs it would be 4.20$ for Store B and 6.00$ for Store A
5 0
2 years ago
Other questions:
  • Use substitution to solve each system of equations<br> c-5d=2 <br> 2c+d=4
    12·2 answers
  • What is the product of −2 2/5 and −3 5/6 ?
    13·1 answer
  • I’m in need of serious math help.
    10·2 answers
  • What is 6x+4x-3x the x's are variables so can someone please help me please help me
    11·1 answer
  • 4a-5b=24
    5·1 answer
  • Jessie is 6 years older than Todd, and Todd is 2 years younger than Ryan.
    11·1 answer
  • A yoga instructor offers two options for classes.
    13·1 answer
  • Whats 10 -10?!!!!! 100 points plus brainliest
    12·2 answers
  • Question
    8·1 answer
  • At what height will the air pressure equal 50%
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!