Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
6 percent of 7 is 86% so the percentage error is 24%
Answer:
732.7 I think
Step-by-step explanation:
You just multiply 28 by 26.17
Answer:
20 Outcomes.
Step-by-step explanation:
A-1 A-2 A-3 A-4
B-1 B-2 B-3 B-4
C-1 C-2 C-3 C-4
D-1 D-2 D-3 D-4
E-1 E-2 E-3 E-4
Hope this helps!
I believe it’s 1/2 hope it helps