Jackie wants to take a trip around the world. she plans to deposit $150 at the beginning of each month into an investment with a 4.75% interest rate, compounded monthly. how much will she have in the account after 5 years?

The correct answer is that Jackie will have US$ 10,136.11 in her account after depositing US$ 150 monthly during five years

Step-by-step explanation:

1. Let's review the information given to us for solving the question:

Monthly saving = US$ 150

Annual Interest rate = 4.75%

Monthly interest rate = 0.0475/12 = 0.003958 = 0.39%

Duration of the investment = 5 years = 60 months

2. For calculating how much Jackie will have in her account after 5 years we use the Future value formula, this way:

FV = Monthly saving * [(1 + Monthly Interest rate) ^number of periods - 1/ Monthly interest rate]

Replacing with the real values, we have:

FV = 150 *  [(1 + 0.003958) ^60 - 1/ 0.003958]

FV = 150 *  [(1.268074 - 1/ 0.003958]

FV = 150 *  (0.26748064/ 0.003958)

FV = 150 * 67.5740564

FV = 10,136.11

Jackie will have US$ 10,136.11 in her account after depositing US$ 150 monthly during five years

answer: the answer is one of

step-by-step explanation:   we are given to write a proper fraction where the whole is divided into an even number of equal parts less than ten, and an odd number of those parts exist.

an even number less than 10 may be one of 2, 4, 6 or 8. so, the whole may be one of these four evens.

now, an odd number of these parts must exist, so the numerator must be an odd number, one of 1, 3, 5 or 7. it cannot be 9 because then the fraction will become improper.

thus, our fraction may be one of the following

answer: 2 answers

step-by-step explanation: the first one means to spread the product throughout the marketplace such that a large number of people can buy it.  

the second means the process of making a product or service available for the consumer or business user that needs it.

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