Answer:
Ans. you should deposit each month to end up with $38,000 the amount of $533.33 every month for 5 years at a APR of 6.5%
Step-by-step explanation:
Hi, first we have to convert all the data to monthly basis, that is, 5 years (5*12=60 months) and the rate of 6.5% APR offered by the bank (Monthly rate = 0.065/12=0,005666667 or 0.5667% monthly)
With that in mind, we need to solve for "A" the following equation.
Where:
FV = Future value of the car
r = rate of return offered by the bank
n = number of periods that you are going to make the monthly deposit
That is:
Best of luck.
Answer:
(x-7)^2 + (y-2) ^2 = 130
Step-by-step explanation:
We need to find the length of the radius
the length of the radius is found by using the distance formula
r = sqrt( ( -2-7)^2+( -5 -2)^2)
sqrt( ( -9)^2+( -7)^2)
sqrt( 81+49)
sqrt(130)
The formula for a circle is
(x-h)^2 + (y-h) ^2 = r^2
where (h,k) is the center and r is the radius
(x-7)^2 + (y-2) ^2 = 130
Answer:
Step-by-step explanation:
Given the geometric sequence:
5, −10, 20, −40, ...
The first term is a = 5
And the common ratio = r = -10/5 = -2
The general rule of geometric sequence is
So, the rule for the given geometric sequence is:
Answer:
Step-by-step explanation:
