The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Answer:
what is your question boy
Answer:
h = m + 25
Step-by-step explanation:
Total number of minutes for homework. h
Math problems will take m minutes.
He needs to read for 25 minutes.
h = m + 25
YAY!!! u got it!!! =)
The answer to this question is
1. d
2.c
3.a
4.b
Answer:
f(x) = -7x + 1
Step-by-step explanation:
Slope intercept form is
y = mx + b
m is slope
b is y-intercept
--------------------------
y decreases by 7 for each increase of 1 in x
slope = -7
to find "b" plug in one of the points and m = -7
using point (3, -20)
y = mx + b
-20 = -7(3) + b
-20 = -21 + b
b = 1
The equation is
f(x) = -7x + 1
