we have
we know that
so
the answer is in thousandths, because the denominator of the multiplication of the two fractions is one thousand
Answer:
$2191.12
Step-by-step explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
, where,
,
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
Therefore, the bond would be $2191.12 worth in 10 years.
A is not linear A linear equation is an equation of a straight line, which means that the degree of a linear equation must be
for each of its variables. In this case, the degree of variable
Not Linear
The space between a single point is undefined. It's like the
sound of one hand clapping, or one scissor, or a single pant.