3 years ago

A new fitness center had 350

Mathematics

1 answer:

yawa3891 [41]3 years ago

3 0

351

I did the math in my calculator

Also learned how to do this last year

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Where is the assignment

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Judith has \$70 in a savings account that earns 5% interest , compounded annually .

Firlakuza [10]

Answer:

$81.03

Step-by-step explanation:

Given

$n = 1$ --- annually

$t =3$ --- time

$r = 5\%$ --- rate

$PV = \$70$ ---- Present value

Required

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This is calculated as:

$FV = PV * (1 + \frac{r}{n})^{nt}$

This gives:

$FV = 70 * (1 + \frac{5\%}{1})^{1*3}$

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Arron spends 1/3 of his $890 weekly wage on rent and 1/4 on repaying the loan for his car. How much money does he have left for

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