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MA_775_DIABLO [31]
3 years ago
9

you want 75,000 in your savings account 12 years from now and you are prepared to make equal annaul deposits into the account at

the end of the year. if the account pays 6.8 percent interest, what amount must you deposit each year
Mathematics
1 answer:
Tpy6a [65]3 years ago
5 0

Answer:

Annual deposit= $3,474.39

Explanation:

Giving the following information:

You want to have $60,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. The account pays 6.4 percent interest.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (60,000*0.064)/[(1.064^12)-1]= $3,474.39

plz mark brainly

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how long is |MN| when you measure it and do you know anything about the length of |NO| and |OP|?

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2 years ago
Samantha sends her son, Barry, to a preschool center on certain days. The cost of preschool is $45 per day along with a fixed mo
MAXImum [283]

Answer:

<h3><em>D. 880 = 45d + 70; 18 days.</em></h3>

Step-by-step explanation:

We are given fixed monthly charge = $70.

The cost of preschool per day = $45.

Number of days = d.

Total cost of d days = cost per day × number of days + fixed monthly charge.

Therefore, we get equation

880 = 45×d+70

<h3>880 = 45d +70.</h3>

Now, we need to solve the equation for d.

Subtracting 70 from both sides, we get

880-70 = 45d +70-70

810=45d

Dividing both sides by 45, we get

\frac{810}{45} =\frac{45d}{45}

18=d.

Therefore,<em> 18 days Barry attended preschool last month.</em>

<em>Therefore, correct option is D option.</em>

<h3><em>D. 880 = 45d + 70; 18 days.</em></h3>
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Step-by-step explanation:

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I just took the test and i got it correct! :)

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