Tanner will have to save $3,193.34 per month for 4 years to pay his tuition for Stanford.
Tanner's tuition over 4 years to get his Bachelor's degree all together will cost $185,280 (multiply 46,320×4). His parents will pay $32,000 (multiply 8,000×4) of his whole tuition. If we do the equation $185,280-$32,000 we get $153,280 which is what Tanner will have to pay. There are 48 months in 4 years. To find the answer you must solve the problem 48x= $153,280. To solve the problem divide both sides by 48. The answer to this equation is technically $3,193.3333333333 but for simplicity's sake we can round to $3,193.34. That is why the answer to this question is $3,193.34 per month of savings.
Answer:
The amount in the account in the beginning of the 6th year is $6375 .
Step-by-step explanation:
Formula
As given
You invest $5000 in an account at 5.5% per year simple interest.
Principle = $ 5000
Rate = 5.5 %
Time = 5 years
(As calculate amount in the account for beginning of 6th year.)
Putting all the values in the formula
Simple interest = $ 1375
Amount = Principle + Simple interest
Putting values in the above formula
Amount = $5000 + $1375
Amount = $ 6375
Therefore the amount in the account in the beginning of the 6th year is $ 6375 .
Answer:
27.3 dollars
Step-by-step explanation:
Y=2/3x-3. Follow the formula y=Mx+b. M is the slope, and b is the y intercept.
Answer:
lol
Step-by-step explanation:
