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malfutka [58]
3 years ago
9

if $100 is deposited in an account each month for 10 years and the account earns 7% compounded monthly; how much will be in the

account after the last deposit is made?
Mathematics
1 answer:
dsp733 years ago
8 0
The compound formula is 
A = P(1+ r/n)^nt
Where A is the final amount
P is the principal (initial/starting amount)
R is the rate of interest
N is the number of times per year that the interest is compounded,
T is the time in years.

Plug each value into the equation, so you should get
A = 100(1+0.07/12)^(12)(10)

Simplify that. The answer should be...
...
...
A = $200.97
will be in the account after the last deposit is made. 
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Step-by-step explanation:

We need to find the distance between the coordinates (0, 4) and (10,4)

The formula used to find distance is:

Distance=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}

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Putting values:

Distance=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}\\Distance=\sqrt{(10-0)^2+(4-4)^2}\\Distance=\sqrt{(10)^2+(0)^2}\\Distance=\sqrt{(10)^2}\\Distance=10

So, The distance between the coordinates (0, 4) and (10,4) is 10

Keywords: Distance between coordinates

Learn more about Distance between coordinates at:

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One-half of a number y is more than 22
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Given that,

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