Answer:
$95.5090 must be deposited monthly
Step-by-step explanation:
From the information given:
The annual interest rate (r) = 4.2% = 0.042
Let assume that an amount Y is deposited, then after one month, it will increase to:

The total amount after 4 years will be:


Using the sum of a geometric progression:


The above amount is then equal to $5000
i.e


Answer:
8 for 2.56
Step-by-step explanation:
THE ANSWER IS IN CENTS.
2.56 ÷ 8 = 0.32 per ear
4.23 ÷ 12 = 0.36 per ear
Answer:
3/5
Step-by-step explanation:y
put in slop intersect form y=3/5x + 2/5 = 3/5