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Sedaia [141]
3 years ago
13

What would this be? Please help.

Mathematics
1 answer:
marta [7]3 years ago
7 0

Answer:

Step-by-step explanation:

I NEED POINTS FOR BRAINLY!?!??!?!!?

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Tony wants to save $10,000 in 6 years. Assuming a 4% interest rate, what is the minimum he must save each month to reach his goa
arlik [135]

We have been given that Tony wants to save $10000 in 6 years.

That means future value S = $10000

Time t= 6 years

Interest rate = 4% yearly = 0.04 yearly

n=12 months per year

Now we have to find monthly payment to recieve $10000 in 6 years. so we need to apply monthly payment formula which is

S=R(\frac{(1+\frac{r}{n})^{nt}-1}{\frac{r}{n}})

10000=R(\frac{(1+\frac{0.04}{12})^{12*6}-1}{\frac{0.04}{12}})

10000=R(\frac{(1+0.00333333333333)^{72}-1}{0.00333333333333})

10000=R(\frac{(1.00333333333333)^{72}-1}{0.00333333333333})

10000=R(\frac{1.27074187908-1}{0.00333333333333})

10000=R(\frac{0.27074187908}{0.00333333333333})

10000=R(81.2225637241)

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3 years ago
Solve the following equation by combining like terms:<br> 4y - 2y = 18
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Answer:

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Collect the like terms:

2y = 18

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