Part A would be $75+.$55m and part B would be $165 +$75=$240
Answer:
Step-by-step explanation:
= 91
*
=
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Per year? i think you would do 4049.58 - 3000 and then divide by 6, right?
2x^2 -5x -3 = 0
D = 25 +24 = 49
x_1,2 = (5+/- sqrt49)/4 = (5+/-7)/4 = -2/4 = -1/2 and 12/4 = 3
x_1,2 = -1/2 and 3
hope this will help you
