Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
If your question is, "how much had Mr. Kork paid for the car?"
(8,400-200)/.4=$20,500
3 feet is equal to 1 yard and 3 feet is 36 inches. 288 inches divided by 36 is 8 so 8 yards is equal to 288 inches.
Answer:
p=-8
Step-by-step explanation:
A negative multiplied by a negative is a positive.
