I think it is D
If im right can you give me brainliest
Answer:
a=2 and b=2...............
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Answer:
See below:
Step-by-step explanation:
Hello! We can check to see if the inequality is true by replacing r with 18 as we have been told to find them in which 18 as r makes the equation true.
So our equations to test for are:
We can input 18 as r and then we see the following are correct:
1. No, as a -21 is not greater than -6
2. Yes, as -15 is less than 6.
3. No, as 21 is not greater than 6
4. No, as -15 is not greater than 6.
Cheers!
