Given
Present investment, P = 3400
APR, r = 0.0115
compounding time = 13 years
Future amount, A
A. compounded annually
n=13*1=13
i=r=0.0114
A=P(1+i)^n
=3400*(1+0.0115)^13
=3944.895
B. compounded quarterly
n=13*4=52
i=r/4=0.0115/4
A=P(1+i)^n
=3400*(1+0.0115/4)^52
=3947.415
Therefore, by compounding quarterly, he will get, at the end of 13 years investment, an additional amount of
3947.415-3944.895
=$2.52 (to the nearest cent)
Answer:
3
Step-by-step explanation:
The notation "f(4)" means you put 4 where x is in the algebraic expression, then do the arithmetic.
f(4) = 2·4 -5
= 8 -5
= 3
Answer:
4n+9
hope this helps
have a good day :)
Step-by-step explanation:
has characteristic equation
which has roots at
. The negative root has multiplicity 2. So the general solution is
