1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
earnstyle [38]
3 years ago
12

25 POINTS!!!!

Mathematics
1 answer:
Kamila [148]3 years ago
8 0

Answer: $509

Step-by-step explanation:

Given : Gabe is getting married in three years and wants to save $20,000 for his wedding. He opens an account earning 6% interest, compounded monthly.

According to the given description, we have

A= $20,000 , r= 6%=0.06 , t= 3 years , n= 12  [1 yearn = 12 months]

Formula to find Periodic monthly deposit :-

P=\dfrac{A\left(\dfrac{r}{n}\right)}{\left(1+\dfrac{r}{n}\right)^{\left(n\cdot t\right)}-1}

Substitute given values in the above formula , we get

P=\dfrac{20000\left(\dfrac{0.06}{12}\right)}{\left(1+\dfrac{0.06}{12}\right)^{\left(3\cdot12\right)}-1}\\\\=\dfrac{100}{1.19668052482-1}\\\\=\dfrac{100}{0.19668052482}=508.438749031\approx509

Hence, the  periodic monthly deposit (payment) needed to achieve a balance of $20,000 after three years= $509.

You might be interested in
Brainliest + Points
bagirrra123 [75]

(5.5 \times 75 \\

maybe u had to multiply the rate and monthly payment

6 0
3 years ago
If a paper plane is thrown from the top of a 147-foot cliff into the water below, the height of the plane at any given time can
sasho [114]

Answer:

c. 6.5 seconds.

Step-by-step explanation:

We have been given that a a paper plane is thrown from the top of a 147-foot cliff into the water below, the height of the plane at any given time can be determined by the formula h = -3t^2+147, where h is the height of the plane at t seconds.

To find the time, when plane will be at a height of exactly 20.25 feet, we will substitute h=20.25 in our given formula and solve for t as:

20.25= -3t^2+147

-3t^2+147=20.25

-3t^2+147-147=20.25-147

-3t^2=-126.75

\frac{-3t^2}{-3}=\frac{-126.75}{-3}

t^2=42.25

Take square root of both sides:

t=\pm \sqrt{42.25}

t=\pm 6.5

Since time cannot be negative, therefore, the plane will be at a height of exactly 20.25 feet after 6.5 seconds and option 'c' is the correct choice.

6 0
3 years ago
Highest Common Factor of 42
Mnenie [13.5K]

Answer:

42 is itself it's highest common factor

3 0
3 years ago
Read 2 more answers
Pls solve showing steps, thanks!<br><br> 7^4n+19/7^3n-1•7^n+20
Vinvika [58]

Answer:

This expression can be simplified to 1

Step-by-step explanation:

\frac{7^{4n + 19}}{7^{3n - 1}\times{7^{n + 20}}}\\\\= \frac{7^{4n + 19}}{7^{3n - 1 + n + 20}}\\\\= \frac{7^{4n + 19}}{7^{(3n + n) + (20 - 1)}}\\\\= \frac{7^{4n + 19}}{7^{4n + 19}}\\\\= 1

7 0
3 years ago
31. What is the surface area of a cube with side length 5 cm?
yan [13]

Answer:

A=150cm²

Step-by-step explanation:

A=6a2=6·52=150cm²

7 0
3 years ago
Read 2 more answers
Other questions:
  • What is the solution to the equation –13+x = –4?<br> a. –17<br> b. 9<br> c. –9<br> d. 17
    7·1 answer
  • Solve for the variable c in this equation a(c + b) = d
    7·1 answer
  • Which expression is equivalent to (x^1/2y^16)^1/2
    12·1 answer
  • How do I solve this
    8·1 answer
  • John buys a $5,000 savings bond with a fixed interest rate of 3% with 10 years to maturity. He also buys two $5,000 zero coupon
    11·1 answer
  • Here's another one ​
    13·2 answers
  • Work out, giving your answer as a mixed number:
    6·2 answers
  • Solve x - 6x = 40 by factoring. What is<br> the solution?
    15·1 answer
  • Izzy deposits any money the team has left at the end of the season into a savings account, where it will remain until next seaso
    9·1 answer
  • Ill give u brainly if u get the correct answer
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!