The price of a share of stock started theday at $37. During the day it went down $3, up $1, down $7, and up $4.What was the pric
2 answers:
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Answer:
$10,234.31
Step-by-step explanation:
A suitable financial calculator or spreadsheet can evaluate the future value function for you. It will tell you that $10,234.31 must be deposited today to have $13,000 in three years, when interest is 8% compounded monthly.
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You are solving for P:
13000 = P(1 +0.08/12)^(12×3)
P = 13000/(1 +0.08/12)^36 ≈ 10,234.31
Answer:
Step-by-step explanation:
Given:
If there is a coefficient in front of a or
, that means it becomes an exponent.
Simplify the exponent.
When there is addition between two logarithms or natural logarithms, it means they multiply together.