Find the savings plan balance after 3 years with

Ответ:

bchagnard2122

08.01.2022

Mathematics

The balance is $5989.5

Step-by-step explanation:

The savings plan balance is given by the following formula:

$A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]$

In which A is the savings plan balance, P is the monthly payment, APR is the annual percentage rate(decimal), n is the number of payments per year and Y is the number of years.

In this problem, we have that

Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $150.

So we have to find A when P = 150, APR = 0.07, n = 12, Y = 3 .

$A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]$

$A = 150*\left[\frac{(1 + \frac{0.07}{12})^{12*3} - 1}{\frac{0.07}{12}}\right]$

A = 5989.5

The balance is $5989.5

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Ответ:

juan3937

15.11.2021

Mathematics

4 times

Step-by-step explanation:

1 quart is equivalent to 32 fluid ounces.

If each eruption consumes 8 fluid ounces of vinegar. Assuming that the amount of vinegar required per eruption is constant, the number of times Tanvi can make her volcano erupt is:

$n=\frac{32}{8}\\n=4\ times$

Tanvi can make her volcano erupt 4 times with 1 quart of vinegar.

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Find the savings plan balance after 3 years with an apr of 7% and monthly payments of $150.

the balance is $

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Find the savings plan balance after 3 years with an apr of 7% and monthly payments of $150. the balance is $

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Find the savings plan balance after 3 years with an apr of 7% and monthly payments of $150.

the balance is $