Solve the problem.You can afford monthly deposits of $200 into an account that pays 8% compounded monthly. How many months will it be until you have $15,000 to buy a car? (Round up to the next higher month if not an integer.)
What will be an ideal response?
62 months, or 5 years, 2 months
You might also like to view...
Solve.Dave can hike on level ground 3 miles an hour faster than he can on uphill terrain. Yesterday, he hiked 37 miles, spending 2 hours on level ground and 5 hours on uphill terrain. Find his average speed on level ground.
A. 5 mph
B. 4 mph
C. 7 mph
D. 7 mph
Solve.A homeowner, needing carpeting, has calculated that she needs 806 square feet. Carpeting is sold in yards. Make the necessary conversion. (Round to the nearest whole number.)
Fill in the blank(s) with the appropriate word(s).
For the following triangle, calculate the indicated trigonometric ratio of the given angle. Do not use the trigonometric function keys on your calculator. (Round to the nearest hundredth.)
A. -0.86 B. 2.36 C. 0.39 D. 0.92
Solve the problem.Mary bought 4 yards of material at a cost of $18 per yard. How much did she pay?
A. $5 B. $22 C. $72 D. $14