Answer:
The amount that should be in the account after 15 years is $95,321.85
Step-by-step explanation:
According to the given data, we have the following:
monthly amount of $220=R
interest rate is fixed at 2.05%. We require the monthly ineterest rate, hence monthly interest rate= 2.05%/12=0.1708%=0.0017
t=15years×12=180 months
In order to calculate how much should be in the account after 15 years, we would have to use the following formula:
Ap=<u>R(1-(1+i)∧-t)</u>
i
Ap=<u>220(1-(1+0.0017)∧-180)</u>
0.0017
Ap=<u>162,04</u>
0.0017
Ap=$95,321.85
The amount that should be in the account after 15 years is $95,321.85
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Answer:
2
Step-by-step explanation:
C is too small to have more.
Answer:
43470
Step-by-step explanation:
purchased of home =$85000
improvement of home =1530=
85000
+1530
=86530
the valued of home =130000=
130000
-86530=
43470
Answer:
2h x (l+b)
2x10 X (12+10)
20 X 22
44 cm cube is your answer...
