Solve the application problem. Round to the nearest cent.
How much should be deposited monthly into a sinking fund over 4 years to accumulate $119,000 if the money earns 12% compounded monthly?
A. $1,943.27
B. $1,485.12
C. $2,341.92
D. $2,970.24
Answer: A
Mathematics
You might also like to view...
Determine whether the relation is a function.{(-7, -8), (-5, -2), (-1, -6), (3, 8)}
A. Not a function B. Function
Mathematics
Solve the problem.The following data represents the amount of money Tom is saving each month since he graduated from college. Find the slope of the line of best fit for the data set and interpret it.
What will be an ideal response?
Mathematics
Provide an appropriate response.Use a calculator to multiply and reduce answers to lowest terms:
A.
B.
C.
D.
Mathematics
Simplify the expression using the order of operations. 8.95 + 0.76(9)
A. 88.55 B. 15.79 C. 87.39 D. 86.24
Mathematics