felix52 felix52

05-10-2022
Mathematics

Answered

Bob
wants $50,000 at the end of 7 years in order to buy a car. If his bank pays 1.2% interest, compounded annually, how much must he deposit each year in order to reach
his goal?

Answer :

Other Questions

You deposit $2000 in an account with an annual interest rate of r (in decimal form) compounded monthly. At the end of 5 years, the balance A is A = 2000(1+(r/m)

Brian deposits $5000 into an account that pays simple interest at an annual rate of 2%. He does not make any more deposits. He makes no withdrawals until the en

Consider a mortgage at 3.5% interest compounded monthly? Would your interest charge for the last month be the same as your charge for the first month in your mo

The advertisement for the 3-D TV at the Electronic Boutique appeared in your local newspaper this morning. Answer the questions based on the information in the

Question 3 Follow the names of the angle pairs to find out what angle you end up at! 1 3 Follow this path.... Start at angle 6 2 5 6 7 1 pts 8

Nitin is paid a base salary of $300 per week and commission at the rate of 2.5% for sales over $5000, 4% if his sales are over $10,000, and 4.5% if sales are ov

The 2 in 210,985 is how many times greater than the 2 in 518,302?

Because of Andrea’s low credit score, the bank manager told her she will need a co-signer on the loan. Andrea’s parents are not willing to co-sign, but have off

16 2 9 2/3 aph 2.) ANALYZE A PROBLEM In Exercises 15 and 16, identify the independent and dependent variables. 15, the number of quarters you put into a parking

5, 6. 9. 7 YA 4 2 Input, x 16 Output, y -2 Input, x Output, y 2 0 -3 2 Nijm 4 6 1 -1 2 4 6 bok 0 In Exercises 7-10, determine whether the graph represents a fun