Answer:
i dont know
Step-by-step explanation:
i don know
500=350(1+0.04/12)^12x
Solve for x
500/350=(1+0.04/12)^12x
X=(Log(500/350)/log(1+0.04/12))/12
X=9 months
Answer:
8
Step-by-step explanation:
Pemdas:
4-2(-2)
4+4
8
Hope this helped!
Answer:
$1,109.62
Step-by-step explanation:
Let's first compute the <em>future value FV.</em>
In order to see the rule of formation, let's see the value (in $) for the first few years
<u>End of year 0</u>
1,000
<u>End of year 1(capital + interest + new deposit)</u>
1,000*(1.09)+10
<u>End of year 2 (capital + interest + new deposit)</u>
(1,000*(1.09)+10)*1.09 +10 =

<u>End of year 3 (capital + interest + new deposit)</u>

and we can see that at the end of year 50, the future value is

The sum

is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to

and the future value is then

The <em>present value PV</em> is

rounded to the nearest hundredth.
I'm pretty sure it's x/4=y