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
sdas [7]
3 years ago
12

(1 point) In 7 years Harry and Sally would like to have $14000 for a down payment on a house. How much should they deposit each

month into an account paying 11% compounded monthly?
Answer = $____________
Mathematics
1 answer:
den301095 [7]3 years ago
6 0

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.

You might be interested in
Which sentence correctly forms the plural of the number 5?
Kaylis [27]
The answer would be C.
5 0
3 years ago
Read 2 more answers
Sangeet got 96% of his answers right in a test of 50 marks. What was his score out of 50?​
Ulleksa [173]

Answer:

48 out of 50 correct answers

8 0
3 years ago
The perimeter of a rectangle is 32 centimeters. the width is 7 centimeters.
Ilia_Sergeevich [38]
I hope this helps you

7 0
3 years ago
Please help!!
erastova [34]

Answer:

  180, 180, 148, 180, 148

Step-by-step explanation:

The two rules in play here are ...

  • the sum of interior angles of a triangle is 180°
  • the angles of a linear pair are supplementary (they total 180°)

__

The first of these rules answers the first two questions:

  • interior angles total 180°
  • angles 1, 3, 4 total 180°

We can subtract the measure of angle 1 from both sides of the previous equation to find the sum of the remaining two angles.

  • angles 3 and 4 total 148°

The second rule answers the next question:

  • angles 1 and 2 total 180°

As before, subtracting the value of angle 1 from both sides of the equation gives ...

  • angle 2 must be 148°

_____

<em>Additional comment</em>

Of course, the subtraction property of equality comes into play, also. For some unknown, X, you have (in both cases) ...

  X + 32° = 180°

  X +32° -32° = 180° -32° . . . . . . subtraction property of equality

  X = 148° . . . . . . . . simplify

In the first case, X is the sum of angles 3 and 4. In the second case, X is angle 2 only.

7 0
3 years ago
Which expression is not equivalent to?​
grigory [225]

C would be the answer. When you simplify the equations C does not contain a radical.

3 0
3 years ago
Other questions:
  • Will give brainliest thanks :)
    8·2 answers
  • How do you simplify a fraction?
    11·1 answer
  • if someone deposited 2000 at 6% simple intrest . how long will it be before she has 2600 in her account
    9·1 answer
  • Suppose a stat 121 professor would like to predict the mean final exam score of the students who obtained 80% on exam 3. What ki
    14·1 answer
  • Find the solution of the given initial value problem. ty' + 6y = t2 − t + 1, y(1) = 1 6 , t &gt; 0
    9·1 answer
  • PLZ RESPOND AS SOON AS POSSIBLE
    11·2 answers
  • Eight years ago mario was 25% younger than he is now how old is mario now
    14·2 answers
  • How do I find the equation of the perpendicular bisector between (-2,5) and (2,-1)?
    7·1 answer
  • 7 a) The table shows the masses of the planets in our solar system.
    10·1 answer
  • I need help setting up my problem
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!