The balance after one year if you deposit one $50 envelope each month, all year is $613.95.
<h3>What is the balance after one year?</h3>
The balance after 1 year can be determined using this formula:
Amount deposited monthly x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5% /12 = 0.417%
- n = number of years = 1 x 12 = 12
Annuity factor = 1.004167^12 - 1 / 0.00417 = 12.279082
Balance = 12.279082 x 50 = $613.95
To learn more about annuities, please check: brainly.com/question/24108530
<span>In business terms, the word agreement is equivalent to the word contract. The correct option among all the options that are given in the question is the third option or option "C". A contract is basically a kind of legal binding. I hope that this answer has actually come to your great help.</span>
Answer:
49/21
Step-by-step explanation:
You just have to switch the numerator and denominator so you can cancel out the number from one side of the equation in a normal problem
Answer:
the vertex is of the equation is (3,2)
