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To get a monthly interest, divide this value by the number of months in a year (12). $50 / 12 = $4.17. So your monthly interest is $4.17. If the initial $1,000 is a deposit, this is your monthly profit. If this $1,000 is a loan, this value represents your monthly payments. Now let's try to make some further calculations.

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1349.86 A=\$1349.86>\$1325 for April is better to get \boxed {\color {#4257b2}\$1000\textup { now}} Find step-by-step solutions and answers to Exercise 52 from Precalculus: Enhanced with Graphing Utilities - 9780136015789, as well as thousands of textbooks so you can move forward with confidence.

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