1) montly rate, r = 5% / 12 = 0.416% = 0.00416
2) capital, C = $ 450 = present value
3) time = 11 years => number of periods = 11 * 12 = 132
4) Formula: FV = C * (1 + r) ^ (number of periods)
5) Calculation: FV = $450 * ( 1 + 0.00416)^(132) = $ 779.07
Answer: $ 779.07
Answer:
Step-by-step explanation:
You move the decimal place over 6 times for the first equation and 5 for the second equation.
Hope this helps! Have a great day! :)
Answer:1. 5/6
2. 7/10
3. 11/12
4. 7/10
5. 13/15
6. 19/20
7. 5/8
8. 7/9
9. 5/12
10. 5/12
11. 11/12
12. 9/14
Step-by-step explanation:
multiply each to make common denominators and then add the numerators together. simplify if needed.
(i did most of this in my head im sorry if anything is wrong)
Answer:
Step-by-step explanation:
Basically, you want to know interest. I = prt is the formula. 'I' will be left blank b/c that's unknown. P is principal, 5000. R is rate, 4%, or 0.04 when turned into a decimal. T is time, 7 years. So now when using the formula, it will all become I = 5000(0.04)(7). What that means is you first multiply 5,000 by 0.04, getting 200. Then when you multiply 200 by 7, it's 1,400, which will leave you with I = 1,400. Interest is 1,400.
Answer:
the answer is D I'm sorry if it wrong