recycled cds incorporated, offers a choice of 5 used cds for $26, with each additional cd costing $4. write a cost function for
1 answer:
You might be interested in
Interest paid after 30 years is $494,546.99.
Solution:
Principal (P) = $195,000
Interest rate (r) = 4.3%
Time (t) = 30 years
n = number of times interest calculated per year
n = 1
Compound interest formula:
where A is the final amount
A = 689546.99
Interest = Amount - Principal
= 689546.99 - 195000
= 494546.99
Interest paid after 30 years is $494,546.99.
Step-by-step explanation:
Dod you mean