The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
a number. 5. b number. 7 fourth one. c number. 1. d number 0
Step-by-step explanation:
mark me as brainliest
Answer:
|−∣=7
Explanation:
∣−∣
= |(-2-5)|
= |-2-5|
= | -7|=7
Answer:
Plot for Variable C Only
Step-by-step explanation:
Trust me, unless your teacher switched the order of the charts in which case it's the linear one!
