It is equivalent too 5.3 and 5.30
Wouldn't you just multiply 120 by 0.95
Answer:
Ans. Jessica has to make monthly deposits of $203.34 in order to get $11,000 at the end of the fourth year, at a rate of 6% compounded monthly.
Step-by-step explanation:
Hi, the first thing to do is to convert that compounded rate into an effective rate, that is by just dividing by 12, therefore, 0.06/12=0.005 or 0.5% effective monthly.
We also know that this deposits are going to take place at the end of every month, for 4 years, that means 48 months.
And to find the value of the monthly deposit, we need to use the following equation and solve for A
Filling it up, we get:
Best of luck
-20^3=-8000, so the real cube root of -8000 is -20.
Yes. If we multiply 6/13 by 1 in the form of 5/5, we obtain the fraction 30/65 without ever changing the value of the number itself.