Answer:
The certificate will be worth $5,559.92 on Ruth's 19th birthday.
Step-by-step explanation:
The compound interest formula is given by:
Where A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit t and t is the time the money is invested or borrowed for.
In this problem, we have that:
So
The certificate will be worth $5,559.92 on Ruth's 19th birthday.
Answer:
The new mortgage repayment is $10,580.69
Step-by-step explanation:
As at the time Douglas lost his job,he has already made repayments on the mortgage for a period of 7 years,by extending the repayment period by another 7 years,Douglas now have a period of repayment of 30 years now(30-7+7).
The new repayment yearly can be computed using the pmt formula in excel as given below:
=pmt(rate,nper,-pv,fv)
rate is the interest rate on mortgage given as 4.25%
nper is the period of repayment now 30 years
pv is the current of balance of $177,533.62
fv is the total amount repayable on the mortgage and it is not known hence taken as zero
=pmt(4.25%,30,-177533.62,0)=$10,580.69
Answer:
The answer to this would be .8
Step-by-step explanation:
A tenth is only one figure, and due to the rule of "5 and above give it a shove; 4 and below let it go", this number would round to 0.8.
Answer:
Your Answer Is 10
Step-by-step explanation:
1st Factor the Numerator and Denominator then cancel the common factor.
Hope It Help You If Yes then Please make me the Brainiest.
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Parshv
Answer:
10+8x=y
Step-by-step explanation:
The 10$ is added on because it's a one time exchange and the 8 is multiplied by the x because for every hour you add 8$ to the price and y is the total price at the end depending on x.
