The value of the investment in 5 years is $5805.9
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
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Answer:
The total number of branches = total possibilities = the denominator of a probability.
So the second choice is correct.
Let me know if this helps!
Answer: C. Industrialization
Step-by-step explanation:
.837537537 =
837537537
1000000000
