Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
Answer:4.5 for triangle + 56= 60.5 squuare units
Step-by-step explanation:
We can say at month 0 she was 43 inches tall.
And at month 18 she was 52 inches tall.
We can say that x is the number of months and y is her height.
Rise/run
y2-y1/x2-x1
52-43/18-0
9/18
1/2
So the slope is 1/2 (which is what you are looking for.) and if you were to write an equation it would be y=1/2x+43
Brainliest my answer if it helps you out?
Answer:
approximately 12 payments.
Step-by-step explanation:
you can pay off the loan in a year by multiplying 87.25 and 12. this will give you 1047, which is about 28$ off. then after that year, you can pay off the $28 whenever you finish with the 87.25
