5/6
The greatest common denominator of 45 and 54 is 9.
45/(divided) 9 = 5
54/(divided) 9 = 6
The answer is ...
R = 5
8(5) = 40
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Jon:
Initial investment (PV)= $14,500
Interest rate (i)= 0.05/4= 0.0125
Number of periods (n)= 4 quarters
Sara:
Initial investment (PV)= $16,250
Interest rate (i)= 0.04/365= 0.00011
Number of periods (n)= 365 days
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+ i)^n
Jon:
FV= 14,500*(1.0125^4)
FV= $15,238.71
Sara:
FV= 16,250*(1.00011^365)
FV= $16,915.67
Sara will have $1,676.96 more than Jon.
The answer should be 16.10
It can be used on this one 10x=3
