The future value (A) of a principal amount P compounded 12 times per year at rate r for t years is given by
A = P·(1 + r/12)^(12t)
Substitute the given values and solve for t.
3000 = 175·(1 + .03/12)^(12t)
Taking logarithms, this becomes
log(3000) = log(175) + 12t·log(1.0025)
(log(3000) -log(175))/(12·log(1.0025)) = t
t ≈ 94.84
It will take 95 years for the balance to grow by a factor of 17 to $3000.
Answer:
Her monthly payment would be $280.
Step-by-step explanation:
Same amount of $ per month
175 times 48 equals 8,400
(175 = monthly payment, 48 = amount of months)
8,400 divided by 30 equals 280
(8,400 = total amount of money, 30 = amount of months)
This makes the months = money ratio:
30 months = $280.
To get p - 9, subtract p2 + 3 from p2 + p - 6.
Answer:
The horizontal value in a pair of coordinates: how far along the point is. The X Coordinate is always written first in an ordered pair of coordinates (x,y), such as (12,5). In this example, the value "12" is the X Coordinate. Also called "Abscissa" See: Coordinates.
Answer:
c) 144
Step-by-step explanation:
Since A is between Y and Z,
however, the question asks for 
, not the value of x.
Thus,
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