Answer:
Seriously i know you r kidding its 4 for sure.
We have:

and:

so:


It is a finite sum, so it is convergent.
Answer:
- the way its set up its kind of confusing ↑
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
Answer:
715 pounds
Step-by-step explanation:
<em>FV = solve</em>
<em>PV = 600</em>
<em>I% = 6</em>
<em>K = 1, N = 3 </em>(2013 - 2016 = 3 years)
Plug it in:
<em>FV = 600 x [ 1 + (6/100 x 1)]³</em>
= 600 x ( 1 + 0.06)³
= 600 x (1.06)³
FV = 714.61, 715 to the nearest dollar.
<em>Therefore, the fee in 2016 is 715 pounds.</em>