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.
Step-by-step explanation:
subtrat 14 and 2 1/3 to get b
Answer:
D. 39%
Step-by-step explanation:
What you do is you take the .21 and the total of the 10th grade which is .54 and put it into a fraction like this .21/.54.
You will get .388 but rounded to the nearest percent is 39%.
Answer:
c or a
Step-by-step explanation: