Answer:
0.53%
Step-by-step explanation:
hope it is well understood
The answer will be C. I hope this helped you! ^^
The answer is B because they can’t interest but perpendicular can
Answer:
future value = $49163.8
so required amount will be $491200 nearest $100
Step-by-step explanation:
given data
annual interest rate = 6 %
annuity = $300 per month
time period = 10 years
to find out
how much money will they have for the college expenses
solution
we know that effective rate will be
effective rate = 
effective rate = 5 × 
number of payment = 12 × 10 = 120
so future value will be express as
future value = annuity ×
.........1
future value = 300 × 
future value = 300 × 163.8793
future value = $49163.8
so required amount will be $491200 nearest $100
Answer:
x = 5 or -1, put numbers into the formula and calculate