The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Step-by-step explanation:
x1=2. y1=1. x2=4. y2=5
by midpoint formula,
2+ 4/2 = 6/2 =3
1+5 /2 =6/2 = 3
therefore,the midpoints are (3,3)
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Answer:
8
+ 3 + -6x
Step-by-step explanation:
First we need to find the like terms so that we could add them. In this case the like terms are,
1. 6x , -2x , -10x
So, these are the only terms that we can add in this expression.
Hence,
=> 8 + 3 + (6x - 2x - 10x)
=> 8 + 3 + -6x
And this is as simple as this expression can go until we find the value of "x" which is not yet told.
Hope my answer helped.
