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| rev | Admin | (Created page with "'''Solution: B''' Effective rate per month is <math>.12 / 12=</math> .01. There are <math>25 \times 12=300</math> months. Then <math display="block"> 30000=K a_{\overline{300} \mid .01}=K \frac{1-v^{300}}{.01}=K \frac{1-1.01^{-300}}{.01}=K(94.94655) . </math> Thus <math>K=\frac{30000}{94.94655}=315.97</math>. '''References''' {{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtests.html |last=Hlynka |first=Myron |website=web2.uwindsor.ca | title = Univers...") | Nov 26'23 at 23:59 | +559 |