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.
AD = AB
AD = 2r+8
AB = 5r-13
we need to find the value of r to find the total length
so 2r+8 = 5r-13
subtract 2r from each side:
8 = 3r -13
add 13 to each side:
21 = 3r
divide both sides by 3
r = 21 / 3 = 7
r=7
now we know r, so replace r with 7 in the equation for AD
AD = 2r+8 = 2(7) +8 = 14 +8 = 22
the answer is D. 22
The answer to this is D, $990.00
Answer:
IM RETARTED
Step-by-step explanation:
