1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vesna_86 [32]
3 years ago
7

Nashota pays $30 each month on a credit card that charges 1.4% interest monthly. She has a balance of $450. The balance at the b

eginning of the month is given by the following function that is defined recursively. Find the balance at the beginning of the fifth month
Mathematics
1 answer:
Gnom [1K]3 years ago
8 0
To answer, we project the current balance to future worth.
                                      FV = ($450) x (1 + 0.014)^5
                                        FV = $482.40

Also, we convert the monthly amount to future worth by the equation,
                            FV = M x ((1 + r)^n - 1) / r)
Substituting,
                             FV = ($30) x (1 + 0.014)^5 - 1)/0.014)
                             FV = $152.3
Subtracting the calculated values,
                            Balance = $482.40 - $152.3
                             Balance = $328.14
You might be interested in
The measures of the three of the interior angles of a quadrilateral are 60°, 110°, and 90°. What is the measure of the fourth an
irina [24]
The answer is C. 100 because the total measure of a quadrilateral is 360. When you add up the 3 interior angle measures, it adds up to 260. Then you subtract 360-260 to get 100 as the fourth angle measure. Hope that this helped!
6 0
3 years ago
What is the sigh of 48 2/9 + (-39 8/9)
Elden [556K]

Answer:

NEGATIVE SIGH

Step-by-step explanation:

The Answer is 24

7 0
2 years ago
Read 2 more answers
Which expression are equivalent to 4(9+3) ?
Maslowich
This expression is equivalent (9+3)4
8 0
3 years ago
Need help immediately
marin [14]

Answer:

Step-by-step explanation:

If A, B, and C are in the ratio of 2:3:5 and they are each getting some amount of money in that ratio, then to find the total amount of money they split is found in Ax + Bx + Cx and we need to solve for x. What we are told is that the smallest share = 210 and obviously A is the smallest share. Therefore,

2x = 210 and x = 105.

The total sum = 210 + 3(105) + 5(105) so

Total sum = 210 + 315 + 525

Total sum = 1050 and

C's share is 525 and

B's share is 315

6 0
3 years ago
The Hiking Club plans to go camping in a State park where the
ozzi

Answer: Probability is 0.00205 = 0.205%

Step-by-step explanation: P(rain) = 0.71, P(no rain) = 0.29.

P(no rain in 5 days)= 0.29·0.29·0.29·0.29·0.29= 0.00205

5 0
2 years ago
Other questions:
  • What is 9x^2-24x+ 16
    6·2 answers
  • 289 and y more is 206
    6·1 answer
  • What two numbers give a product of 85
    5·2 answers
  • If y varies inversely as x and y=107y=107when x=-12x=−12, find y when x=2x=2.
    12·1 answer
  • Easy 6th-grade math question
    13·2 answers
  • A carpenter can install 8 sheets of drywall in 10 minutes. At this rate, how long does it take to install one sheet of drywall?
    10·1 answer
  • Which is bigger 52L or 5200mL
    10·2 answers
  • Can you plz do 6 and 7 and 10 it will be a lot for me
    11·1 answer
  • Andrea opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest. What is the bala
    8·1 answer
  • A person who is 5 feet tall is standing 108 feet from the base of a tree, and the tree casts a 120 foot shadow. The persons shad
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!