If an account is increasing at a rate of 2.1% compounded monthly, what is the exact value of i in the following future value ordinary annuity formula?
F V = P (StartFraction (1 + i) superscript n Baseline minus 1 over i EndFraction)
a.
2.1
b.
StartFraction 0.021 over 100 EndFraction
c.
StartFraction 0.021 over 12 EndFraction
d.
StartFraction 0.21 over 12 Endfraction

4444444444444 i think

a is 8.b is 10.c is 10.5. d is -.5

step-by-step explanation:

just minus the smallest number from the biggest.

a and c

for infinitely many solutions we require both left and right sides to be equal

distribute and simplify

a

14 - 8x = 20 - 8x - 6 = 14 - 8x ← both sides equal so infinite solutions

b

6x - 54 = 6x - 54 + x = 7x - 54 ← not equal

c

4x + 16 = 4x + 10 + 6 = 4x + 16 ← both sides equal so infinite solutions

d

5x - 40 + 10 = 5x + 10

5x - 30 = 5x + 10 ← not equal