First, you set up the equation which would be 5y-8=3y-4.
-3y -3y
2y-8= -4
+8 +8
2y=4
divide by 2
y=2
The formula for the future value A, given annual interest rate r, number of years t, and deposit amount P can be written as
... A = P(1 +r/12)((1+r/12)^(12t) -1)/(r/12)
Filling in the given numbers, you have
... A = 200(1+.0275/12)((1+.0275/12)^(12·39) -1)/(.0275/12) ≈ 167,868.30
The appropriate choice is $167,868.30.
_____
The formula is the one for the sum of a geometric series. It can be useful to consider the last deposit made as the first term of the series.
Answer:
2.3 could, but not -0.25.
Step-by-step explanation:
It is impossible to have any probability larger than 100 or lower than 0. 2.3 is possible bc it's below 100 and above 0.
Answer:
7
Step-by-step explanation:
8 units separate -4 and 4
8 divided by 2 (which is the x of slope) is four
Four times 1 (which is y of slope) equals four
3+4 equals seven
(4,7)
Answer:
42 I think
Step-by-step explanation:
