The saving plan balance is $3,677.53.
Given that,
- The no of months is 18.
- The annual percentage rate is 3% so the monthly rate percentage is 0.25%.
- And, the monthly payment is $200.
Based on the above information, the following formula should be used:
FVA = PMT× [(1+r)^n - 1] ÷ r
= $200 × [(1+ 0.0025)^18 - 1] ÷ 0.0025
= $3,677.53
Therefore we can conclude that the saving plan balance is $3,677.53.
Learn more: brainly.com/question/14191332
The first choice because it’s easier than having to add a bunch of numbers so S=(9)(2)(4)
<u>Given</u>:
The given function 
which models the value of Mark’s car, where x represents the number of years since he purchased the car.
We need to determine the approximate value of Mark's car after 7 years.
<u>Value of the car:</u>
The value of the car after 7 years can be determined by substituting x = 7 in the function , we get;
Rounding off to the nearest dollar, we get;
Thus, the approximate value of Mark's car after 7 years is $14278.
Hence, Option a is the correct answer.
Answer:
y = 2.5x
Step-by-step explanation:
y = mx + b
m=2.5 (slope) --> y=2.5x+b
coordinate : (2,5) 2 is the x coordinate, 5 is the y coordinate
to Find b, input the coordinate --> 5 = 2.5(2) + b
5 = 5 + b
0=b
y= 2.5x
This is only since it asked to solve using the point. If you look at the graph, the line intercepts the y-axis at (0,0) so b=0.
hope this helps
