subject
Mathematics, 30.12.2019 16:31 jojo8617

Mr. smith junior wishes to buy a used car in a year's time when he turns 18, and he is willing to spend $5,000. he plans to work part-time and put all his monthly earnings into a bank account that will pay 0.5% interest per month. how much must he earn per month in order to be able to purchase the car in one year's time? the correct answer is $405.33 and not $430.33. how do we get to this?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
Acollege is planning to construct a rectangular parking lot on land bordered on one side by a highway. the plan is to use 680 feet of fencing to fence off the other three sides. what dimensions should the lot have if the enclosed area is to be a maximum?
Answers: 1
question
Mathematics, 21.06.2019 15:00
The lee family bought their home for $220,000 this year. the equation =220,000(1.038) v = 220 , 000 ( 1 . 038 ) x can be used to find the value, v, of their home after x years. which will be the value of the lee family's home in 5 years?
Answers: 1
question
Mathematics, 21.06.2019 16:30
Cassie is traveling 675 miles today to visit her brother and his family. so far, she has stopped for gas three times. at the first stop, she put in 7.1 gallons of gas and paid $23.79. at her second stop, she put in 5.8 gallons of gas and paid $19.08. and, at the third stop, 6.6 gallons and paid $20.39. at which stop did casey pay the most for gas?
Answers: 1
question
Mathematics, 21.06.2019 18:00
Henry is an avid reader, he devours 90 pages in half an hour how many pages has henry read per minute?
Answers: 1
You know the right answer?
Mr. smith junior wishes to buy a used car in a year's time when he turns 18, and he is willing to sp...
Questions
question
Mathematics, 26.08.2021 22:40
Questions on the website: 13722367