The accumulated (future) value is given by the formula
F=P(1+i)^n
where
P=amount of deposit (made at the beginning of the first period)
i=monthly interest, APR/12 = 3%/12 =0.0025
n=number of periods (month)
For example, the future value for the 6th month is
F(6)=1000(1.0025^6)=1015.09 (to the nearest cent)
Here is a schedule of the values,
i=month
F(i) = value at the end of month i.
i F(i)
0 1000.0
1 1002.5
2 1005.01
3 1007.52
4 1010.04
5 1012.56
6 1015.09
7 1017.63
8 1020.18
9 1022.73
10 1025.28
11 1027.85
12 1030.42 + $50 deposit = 1050.42
All values are rounded to the nearest cent.
Answer: 24
Step-by-step explanation:
To find this, simply take the largest value of the set and subtract it by the smallest value of the set. In set one, you do 24-13 to get 11
In the second set, you do 95-68 to get 27
Thus, set two has a wider spread and a range of 27, with an answer choice of D
Hope this helps!
Answer:
2/3
Step-by-step explanation:
To get the slope, you do (y2-y1)/(x2-x1).
You can also remember it as rise/run, as it is the change in y/change in x.
You can make either coordinate 1 or 2, just keep it consistent with the rest of the problem.
For this, I chose (-5, -7) to be 2, and (4, -1) to be 1.
Following the formula for slope, (y2-y1)/(x2-x1), you put the values in: (-7-{-1})/(-5-4).
-7 minus -1 is -6 and -5 minus 4 is -9.
Thus you get -6/-9. Don’t forget to simplify! A negaive divided by a negative is positive, and both 6 and 9 can be divided by 3. 3 goes into 6 TWO times and into 9 THREE times.
So, you get a positive fraction, 2/3.
Hope this helped.
