Answer:
10-4(c)
Step-by-step explanation:
We need to write an equation. write it as you read it. S=10-4(C).
Answer:
$1077.283
Step-by-step explanation:
When complete the first year the amount will be:
1000 * 1.015= 1015
1.015 because the rate is added to the initial amount, that is: 100%+1.5% = 1 + 0.015= 1.015
When complete the second year the amount will be the last year amount adding the rate interest:
1015*1.015=1030.225.
To the third year:
1030.225*1.015=1045.678
To the fourth year:
1045.678*1.015=1061.363
To the fifth year:
1061.363*1.015=1077.283
The future value of $1,000 invested at 8% compounded semiannually for five years is 
<u>Solution:</u>
----------- equation 1
A = future value
P= principal amount
i = interest rate
n = number of times money is compounded
P = 1000
i = 8 %
(Compounding period for semi annually = 2)
Dividing “i” by compounding period
Solving for future value using equation 1
Answer:
The error is the exponent in the answer should be 11.
Step-by-step explanation:
When you move the decimal place one spot as they do in the final step to move it from a base 10 to a base 1, we have to add a exponent on. Therefore, it should go from 10 to 11.
