Answer:
0.375
Step-by-step explanation:
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: y = 2000x + 89000
Step-by-step explanation:
Given that;
initial purchase amount = $89,000
price after 6 years = $ 101,000
years = 6
now
slope = ( 101000 - 89000) / 6
slope = 12000 / 6
slope = 2000
therefore the linear equation that models the value of the house after x years will be;
y = 2000x + 89000
Answer:
x=1 or x=16
Step-by-step explanation:
3/4x = 12 or 0.75x = 12
3/4x/3/4 = 12/3/4 or 0.75x/0.75 = 12/0.75
x=12/1 / 3/4
x= 4/4
x = 1 or x = 16