Answer:
1/12
Step-by-step explanation:
The question can be written as (1/4) / 3. This is equivalent to (1/4)*(1/3), which is 1/12.
X=4 btw is there any answer choices?
Step-by-step explanation:
here's the answer to your question
Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.