Answer:
amount = 407 per month
Step-by-step explanation:
given data
future value = $5000
interest rate = 6% =
= 0.015
time = 12 months = 4 compound per year
solution
we use here formula that is
amount = future value ×
.......................1
put here value and we get
amount = 5000 ×
amount = 1222 per quarter
or amount = 407 per month
That one is way to hard bru i respect u trying to get the awnser
This represents an increase of 50%
Answer:
last one
Step-by-step explanation: