Answer:
$238.33
Explanation:
Assume that the amount you need to save per month is x.
You will be saving monthly for 12 years. This means that the amount you will save after 12 years is:
amount saved after 12 years = 12 * 12 * x = 144x
Now, you need to save 20% of $<span>171,600.00. We will first need to calculate this value.
20% of $</span>171,600.00 = 0.2 * <span>171,600.00 = $34320
Now, to know your monthly savings, equate the total amount saved in 12 years with the amount that needs to be saved and solve for x as follows:
144x = 34320
x = 34320 / 144
x = 238.33
This means that, to meet your goal, you need to save $238.33 monthly for 12 years.
Hope this helps :)</span>
Answer:
$395.61
Step-by-step explanation:
The formula for simple interest is:
Where
i is the interest amount
P is the principal amount
r is the rate of interest per time period
t is the time period
Here,
P = 4869
we want to find after 30 months, that converted to years is:
30/12 = 2.5 years
t = 2.5
The annual rate is 3.25% = 0.0325
Now, substituting, we find our answer:
The interest earned is <u>$395.61</u>
Answer:do you mean 2/0 because that would be 0
Step-by-step explanation:
Answer:
370.85
Step-by-step explanation:
20.50×10. +165.85=
