Answer: $1,842
Step-by-step explanation:
John wants to earn 25% of his investment of $50,000 which is:
= 25% * 50,000
= $12,500
He has expenses of $9,600 yearly so the rent he should charge per year in order to make his 25% requirement as income is:
= Expenses + Return
= 9,600 + 12,500
= $22,100
Rent per month is:
= 22,100 / 12
= $1,842
This can be solve using the formula:
F = P ( 1 + i)^n
where F is the money after n years
P is the initial amount of money
i is the annual interest rate
n is the time in years
since you deposit in 3 accounts P = 2200/3
F = ( 2200 / 3) ( 1 + 0.03)^6
F = $ 875.64 is the money each account earned after 6 years
Answer:
$0.25+$0.05+$0.03=$0.33
$0.33•6=$1.98
$1.98+$4.87=$6.85
Step-by-step explanation:
Answer
g is less than or equal to 34.50
Step-by-step explanation:
$42-$7.50=$34.50
All of the answer choices that you are given are incorrect. I have calculated it in all different ways and get the same thing and it is none of those. The correct answer would be -75 though.
