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vagabundo [1.1K]
3 years ago
5

Please help me! ASAP!

Mathematics
1 answer:
elena55 [62]3 years ago
4 0

Answer:

oh geez

Step-by-step explanation:  

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5 0
4 years ago
Find the savings plan balance after 2 years with an APR of 4% and monthly payments of $250. The balance is $ (Do not round until
alexdok [17]

Answer:

$6,506.51

Step-by-step explanation:

Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)

As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12

<u>Month 0</u> (first payment)

$250

Month 1

250 + 250 \frac{0.04}{12}= 250(\frac{12.04}{12})

<u>Month 2</u>

250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2)

<u>Month 3</u>

250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3)

<u>Month 24 (2 years)</u>

250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24})

The sum  

1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24}

is the sum of the first 24 terms of a geometric sequence with common ratio \frac{12.04}{12} which is

\frac{1-(12.04/12)^{25}}{1-(12.04/12)}=26.02603071

so, after 2 years the saving balance is

250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.

6 0
3 years ago
Can someone help me with this please
MrRa [10]
You first have to convert the 5 tons to pounds.
Once you have done that step you simply add.

5 0
3 years ago
What is .74 repeating as a fraction?
Sedaia [141]
The answer to your question is 74/99:D
8 0
4 years ago
What is the answer to y+4&gt;6
Svetach [21]

Answer:

y>2

Step-by-step explanation:

all you do is 6-4. and your welcome

5 0
4 years ago
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