Find the savings plan balance after 1 year with an apr of 13% and monthly payments of $100. assume an ordinary annuity. a. $1,271.18 c. $1,273.16 b. $1,272.17 d. $1,274.15

A = accumulated savings plan balance

PMT = regular payment(deposit) amount

ARP = annual percentage rate(decimal)

n = number of payment periods per year

Y = number or years.

Savings Plan Formula

Step By Step Explanation

First, plugin what is known into the Savings Plan Formula

Second, solve the Savings Plan Formula

Round $1274.1459

$1274.1459

$1274.15

Answer = d $1274.15

+25 = x

step-by-step explanation:

here x is the hypotenuse of a right triangle whose legs are 7 and 24.   by the pythagorean theorem, 7² + 24² must equal x²:

x² = 49 + 576 = 625.   thus, x = +√625 = +25 = x