Answer:
Future Value= $17,170.12
Step-by-step explanation:
Giving the following information:
Monthly deposit (A)= $70
Interest rate (i)= 0.04/12= 0.0033
Number of periods (n)= 15*12= 180 months
<u>To calculate the future value (amount saved), we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {70*[(1.0033^180) - 1]} / 0.0033
FV= $17,170.12
Answer: First number 3 Second 18
Step-by-step explanation:
Answer:
0.5, 3/5, 0.78
Step-by-step explanation:
Step-by-step explanation:
To find the answer we first multiply 129 by 0.7 since the price descresed 30 percent. each percent is equal to 0.01.
129 * 0.7 = 90.3
Then we multiply 90.3 by 1.0875 since that is the sales tax
90.3 * 1.0875 = 98.2
so the cost is 98.2