mikaylawhite99 mikaylawhite99

22-01-2017
Mathematics

contestada

Find the savings plan balance after 9 months with an APR of 12% and monthly payments of $300. Assume an ordinary annuity.

Respuesta :

MissPhiladelphia MissPhiladelphia

31-01-2017

Given:
n = 9 months
i = 12%
A (monthly payments) = 300
Assume an ordinary annuity.

Required: P

Solution:
F = A {[(1+i)^n] - 1 / i}
F = 300 {[(1.12)^9 - 1 / 0.12}
F = 4,432.7

Answer Link

Otras preguntas

3) The equation 41.44=k7 shows that buying 7 bags of apples would cost 41.44 dollars. How much is it for one bag?

What was a major cause of nativist attitudes during the 1920s? A. emergence of the Second Ku Klux Klan B. the growing diversity of languages, customs, a

A bulb with a resistance of 4 Ohms is plugged into a 2V battery. It has a capacity of 3 amps-hours. How long will this bulb remain at a constant brightness? Sho

Solve for x: 3x−8≤23 OR −4x+26≥6

g(x) = x - 6 If the opposite of g(x) is-g(x), then--g(x) =

Benzene is a starting material in the synthesis of nylon fibers and polystyrene (styrofoam). Its specific heat capacity is 1.74 J/g·°C. If 16.7 kJ of energy is

Managers who derive a sense of accomplishment and achievement from helping the organization achieve its goals and gain competitive advantages are extrinsically

What is the value of x in the equation 5 - 3x = -7 ?

one number is 5 bigger than another number. when three times the lagger number is to twice the smaller number, the results is 60. what are the two numbers

What is the decimal equivalent of 2 2.0.714285 b. 0.714285 c. 1.4 d. 7. 14285