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jeyben [28]
2 years ago
7

Suppose that $575.75 is invested in a savings account with an APR of 12% compounded monthly. What is the future value of the acc

ount in 5 years?
Mathematics
1 answer:
SOVA2 [1]2 years ago
7 0

Answer:

FV= $1,045.96

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $575.75

Number of periods (n)= 15*5= 60 months

Interest rate (i)= 0.12 / 12= 0.01

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 575.75*(1.01^60)

FV= $1,045.96

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Three times a number plus six is the same as twice the same number plus nine. What is the number?
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Use the T-table below to determine 3 solutions to this equation: y = 2x
Jet001 [13]
The table is attached as a figure

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3 years ago
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Which property is shown by -3 x (6+5) = -3 x 6+ -3 x 5
aniked [119]

Answer:

The distributive property of multiplication

Step-by-step explanation:

we know that

The <u>distributive property of multiplication</u>  states that the product of a number by a sum, is equal to multiply each addend by the number (This is called distributing the number) and then, you can add the products

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a*(b+c)=a*b+a*c

in this problem we have

-3*(6+5)=-3*6+-3*5 ----> the number -3 is distributed

therefore

We have the distributive property of multiplication

4 0
3 years ago
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