Answer:
$3098.93
Step-by-step explanation:
We can use the formula for compound growth to solve this. The formula is:
Where
F is the future value (the value at end of 14 years, our answer)
P is the initial amount invested ($1250)
r is the interest rate, in decimal (6.7% is 0.067)
t is the time in years (14, in our case)
<em>Plugging in all the information</em> we have:
The account will accrue $3098.93 after 14 years.
Answer:
6 3/8, 6 1/2, 6 3/4, 6 5/6
Step-by-step explanation:
I recommend converting everything to decimals, so 6.375, 6.5, 6.75, and 6.833.
Hope this helps :)
Answer:
what im thinking is $65
Step-by-step explanation:
The percent of his monthly income that will be budgeted for the utilities will be approximately 5.21%.
According to the question,
We have the following information:
Greg evaluated his spending and found that he was spending about $50 more per month on utilities than he has budgeted. He can transfer money from other categories to increase his utilities budget to $125 per month. If his total monthly income is $2,400.
Now, let's take the percent to be x.
We have the following expression:
2400*x/100 = 125
24x = 125
x = 125/24
x = 5.21%
Hence, the percent of his monthly income that will be budgeted for the utilities will be approximately 5.21%.
To know more about percent here
brainly.com/question/28063156
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