Answer:
2 miles
Step-by-step explanation:
15 miles - 9 miles = 6 miles
12 laps / 6 miles = 2 miles
Answer:
His account balance would be -$117.25
Step-by-step explanation:
His purchase exceeded the amount of money in his checking account balance. He is now in the negative numbers.
Answer:
Ellie's age is 41, Edna's age is 40, Elsa's age is 42
Step-by-step explanation:
Let Ellie's age be x. Because they're consecutive integers, Edna's age is x-1 and Elsa's age is x+1. Therefore, 3x=123, x=41, so Ellie's age is 41, Edna's age is 40, Elsa's age is 42
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
