I think K might be 0. Not sure.
Answer:
x, y, and z I think that is it
Use the compound interest formula.
A = P*(1 +r/n)^(n*t)
where P is the principal, r is the annual rate, n is the number of compoundings per year, and t is the number of years.
For the first investment, ...
A = 208,000*(1 +.08/4)^(4*5) = 309,077.06
For the second investment, ...
A = 218,000*(1 +.07/2)^(2*4) = 287,064.37
Totaling both investments at maturity, Megan has $596,141.43.
Hello!
So let's first start out by solving the left side of the equation:
2 to the third power is 8
The right side now: -3 to the second power is -9
In total: 8- (-9)
So your answer is C) -1
I hope it helps!
