First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
<span>Confidence Level: 95%; Confidence Interval: 44 to 46</span>
Answer:
yes
Step-by-step explanation:
Any number that can be written in p/q from is a rational number
Answer:
x = -5 and y = 3
Step-by-step explanation:
There are two equations :
3x − 2y = −21 ....(1)
2x + 5y = 5 ......(2)
Multiply equation (1) by 2 and equation (2) by 3.
6x - 4y = -42 ...(3)
6x + 15y = 15 ....(4)
Subtract equation (4) from (3) :
6x - 4y - (6x + 15y) = -42 -15
-4y -15y = -57
-19y = -57
y = 3
Put y = 3 in equation (2) :
2x + 5(3) = 5
2x = 5-15
2x = -10
x = -5
So, the value of x is (-5) and y = 3.
