Answer: $76,244.51
Step-by-step explanation:
You need to use the compound interest formula here.
First of all however, you need to convert the terms to monthly figures because the interest is compounded monthly.
4% in months = 4 / 12 = 4/12%
6 years = 6 * 12 = 72 months
Now use the compound interest formula:
= Amount * (1 + rate) ^ number of years
= 60,000 * ( 1 + 4/12%) ⁷²
= $76,244.51
Answer:
0.141
Step-by-step explanation:
There are ₇C₁ ways to choose 1 woman from 7.
There are ₅C₃ ways to choose 3 men from 5.
There are ₁₂C₄ ways to choose 4 people from 12.
So the probability is:
₇C₁ ₅C₃ / ₁₂C₄
7 × 10 / 495
0.141
The correct answer is 15.75
ANSWER
EXPLANATION
The sum of an arithmetic sequence whose first term and last terms are known is calculated using
From the given information, the first term of the series is
and the last term of the series is
The sum of the first 26 terms is
<span>The function best describes the amount she is able to put into savings, h, each year, in thousands of dollars is </span><span>h(x) = 15x + 5.</span>
