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









which is approx $123.
Hence final answer is C) $123.
Answer:
Monthly payment = $18325.6
Step-by-step explanation:
From the question,
P = 14000
t = 4 years
R = 6.75%
To calculate the monthly payment for this loan, let's use the below formula
Amount = P( 1 + 6.75%/12)^4×12
Amount = 14000(1.005625)^48
Amount = 18325.633 dollars
Monthly payment = $18325.6
What is the total cost or it is unsolvable?
Answer:
D. (2x)(3x) + 5(3x - 2)
<em>good luck, i hope this helps :)
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