Answer:
The balance is $5989.5
Step-by-step explanation:
The savings plan balance is given by the following formula:
![A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]](https://tex.z-dn.net/?f=A%20%3D%20P%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7BAPR%7D%7Bn%7D%29%5E%7Bn%2AY%7D%20-%201%7D%7B%5Cfrac%7BAPR%7D%7Bn%7D%7D%5Cright%5D)
In which A is the savings plan balance, P is the monthly payment, APR is the annual percentage rate(decimal), n is the number of payments per year and Y is the number of years.
In this problem, we have that
Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $150.
So we have to find A when
.
So
![A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]](https://tex.z-dn.net/?f=A%20%3D%20P%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7BAPR%7D%7Bn%7D%29%5E%7Bn%2AY%7D%20-%201%7D%7B%5Cfrac%7BAPR%7D%7Bn%7D%7D%5Cright%5D)
![A = 150*\left[\frac{(1 + \frac{0.07}{12})^{12*3} - 1}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=A%20%3D%20150%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B12%2A3%7D%20-%201%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)

The balance is $5989.5
Answer:
26
Step-by-step explanation:
3*2+4*5=6+20=26
Answer:
30 inkjet printers
30 laser printers
Step-by-step explanation:
Let x be inkjet printer
Let y be the laser printer
Total printer produced per day = 60
This implies that x+y = 60
The company has 120 labor hours per day. If it has 1 labor hour to make a inkjet printer and 3 labor hours to make a laser printer, we will have
x + 3y = 120
So we have
x + y = 60 ........(1)
x + 3y = 120 ........(2)
Subtract equation 1 from 2
We have
2y = 60
y = 60/2
y = 30
Put y= 30 into equation 1
x + y = 60
x + 30 = 60
x = 60 -30
x = 30
Therefore we have 30 inkjet printers and 30 laser printer.
Answer:
C
Step-by-step explanation:
In negative smaller numbers are greater