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>
1)1.082*10^9
2)1.496*10^8
3)2.2794*10^8
4)7.784*10^5
5)1.4236*10^9
6)2.867*10^9
7)4.4884*10^9
Hope it helped!
Answer:
3. 18 meters.
4. A= 6. 25cm^2 and P= 10 cm
5. 16 feet and 3 feet.
Step-by-step explanation:
3. base= 2 (A/h)
2 (72/8) = 18
4. A= side^2
2.5^2 = 6.25
P= 4 sides
2.5 x 4= 10
5. 16x3= 48
The answer is either c or d. I would go with answer c though. sorry if it is wrong
x + 6 = x
there is literally no solution.
