Answer is C 7 D -12 for this question
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:
Step-by-step explanation:
The rule to know and follow is:
You can add, subtract, multiply or divide by anything so long as the same thing is done to both sides of the equals sign;
5a + b = 14
If we want to get: "a = ...", then we use the rule to isolate the variable a on one side of the equation;
Firstly, we subtract b from both sides:
5a + b - b = 14 - b
5a = 14 - b
Then, divide both sides by 5:
If n is odd then its cube is also odd because odd times odd is odd. When we add 5, an odd number, we get an even number.
If n is even, its cube is also even so adding an odd number makes the sum odd. So if the expression is odd, n must be even.
Answer:
This equation displays the distributive property which states that a(b + c) = a(b) + a(c).
