Answer:
Not enough detail.
Step-by-step explanation:
When asking the question please know which operation you are using to get the number '14,911'. If you were doing multiplication the answer would be 15.5. If it was addition it would be 14848.
Please make sure you ask the question with full detail next time.
Answer:
$2647.18
Step-by-step explanation:
Formula : ![A[\frac{1+(\frac{r}{n})^{n}-1 }{(\frac{r}{n} )}]](https://tex.z-dn.net/?f=A%5B%5Cfrac%7B1%2B%28%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bn%7D-1%20%7D%7B%28%5Cfrac%7Br%7D%7Bn%7D%20%29%7D%5D)
Future value = $43,000
r = rate of interest = 9% = 0.09
t = 3.5 years (compounded quarterly)
n = number of compounding (3.5 × 4) = 14
Now put the values into formula :
43000 = ![A[\frac{1+(\frac{0.09}{4})^{14}-1 }{(\frac{0.09}{4} )}]](https://tex.z-dn.net/?f=A%5B%5Cfrac%7B1%2B%28%5Cfrac%7B0.09%7D%7B4%7D%29%5E%7B14%7D-1%20%7D%7B%28%5Cfrac%7B0.09%7D%7B4%7D%20%29%7D%5D)


43000=A(
43,000 = A(16.243708)
A = 
A = $2,647.17883 ≈ $2647.18
Answer:
$253.5
Step-by-step explanation:
Total amount saved = Amount Rhonda saved + Amount Margo saved
= $478.50 − $225
Amount Margo saved = $253.5