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ser-zykov [4K]
3 years ago
10

Marissa knows that she needs $35,000 for a down payment on a house. She found an investment that earns 3.25% interest compoundin

g monthly. She would like to purchase the home in 5 years. How much should she put in the account now to ensure she has her down payment? (1 point)
Mathematics
1 answer:
BigorU [14]3 years ago
7 0

Answer:

Step-by-step explanation:

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What is the present value of 6000 received 14 years from today when the interest rate is 10%
likoan [24]

Answer:

$14400

Step-by-step explanation:

Given data

Principal= 6000

Time= 14 years

Rate= 10%

Let us use the simple interest expression to find the final amount

A=P(1+rt)

substitute

A=6000(1+0.1*14)

A=6000(1+1.4)

A=6000*2.4

A=$14400

Hence based on a simple interest model the final amount is $14400

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3 years ago
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2 years ago
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Write in exponential form: 5yxyxyxy
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3 years ago
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jolli1 [7]

Answer:For these, n is equal to the term you want. So you substitute the number in for whichever term you want. This means:

a) 1 (1st term) + 5 = 6

2 (2nd term) + 5 = 7

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4 (4th term) + 5 = 9

10 (10th term) + 5 = 15

And so on for b (not going to keep writing the term, I’m sure you get that by now.

b) 2(1) - 1 = (2x1) - 1 = 1

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2(3) - 1 = (2x3) - 1 = 5

2(4) - 1 = (2x4) - 1 = 7

2(10) - 1 = (2x10) - 1 = 19

Hope this helps :)

4 0
3 years ago
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