tsimonej12

16.03.2020 • 

Mathematics

Deposit $150 at the end of every month for ten years into a savings account that earns 3% compounded monthly. At the end of the ten years, transfer the accumulated money into an investment fund that earns 6% compounded quarterly, and allow the money to grow in this fund until retirement.
b.How long (in years and months) would it take to accumulate the required amount of $45,000.
c.To ensure that the amount accumulates to only $45,000 at the time of retirement, by how much should he change his monthly deposit?

Ответ:

neariah24

15.07.2020

Mathematics

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Tip amount: $6.49

Final amount of the bill: $38.92

Step-by-step explanation:

We need to calculate the tip amount which is 20% of $32.43.

Then we will add the tip amount to $32.43.

To find a percent of a number, change the percent to a decimal by dividing the percent by 100 and multiply by the number.

20% of $32.43 =

= 0.2 * $32.43

= $6.486

We round off the tip amount to the nearest cent, $6.49

The tip amount is $6.49

To find the final amount of the bill, we add the tip amount to the bill amount.

$32.43 + $6.49 = $38.92

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