The future value (A) of a one-time investment of principal amount P at interest rate r compounded n times per year for t years is ...
... A = P(1 +r/n)^(nt)
Putting your given numbers into the formula, we have
... 876.34 = 300(1 +.06/4)^(4t)
Taking logarithms, this becomes the linear equation
... log(876.34) = log(300) + 4t·log(1.015)
Solving for t in the usual way, we get
... log(876.34) -log(300) = 4t·log(1.015) . . . . . . . subtract the constant term on the right
... (log(876.34) -log(300))/(4·log(1.015)) = t ≈ 18.00 . . . . divide by the coefficient of t
It will take <em>18 years</em> for the $300 CD to reach a value of $876.34.
what is the symbol between 10 and 5
Answer:
22
Step-by-step explanation:
5t=99+11
5t=110
divide both side by 5 to find the value of t
Answer :
2x^2 + 16x + 34 = 0? X= -4 -1i X= 4+1i
Step-by-step explanation:
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Answer:
1=x
Step-by-step explanation: