you find a mutual fund that offers approximately 7.5% APR compounded monthly you will invest enough each month to have 2000 at t
he end of the year how much will you have invested at the end of the first year ? asap please
2 answers:
Answer:
Assume you will invest fixed amount x at the starting of each month
S(12): (1.00625x)*(1.00625^(12)-1)/(1.00625-1) = 2000
x=160
you will invest fixed amount 160 at the starting of each month and get 2000 at the end of the year ,which compounded 7.5% monthly.
how much will you have invested at the end of the first year ?
160*12=1920
Answer:
if its on APEX and says 7% APR and $1000 dollars cash the answer is $968.28
Step-by-step explanation:
You might be interested in
Answer:
I'm not sure but I believe it is "Three plus one-half times x."
Answer:
100⁰
because this is a quadrilateral inscribed in the circle
=> x + 80 = 180
<=> x = 180 - 80 = 100⁰
Answer:
y = -13x+26
Step-by-step explanation:
13x+y=26
y= -13x+26
Answer:
Hello! answer: 65
Step-by-step explanation:
This is a supplementary angle meaning it will add up to 180 degrees therefore... 180 - 115 = 65 therefore x = 65 hope that helps!
