Wait, this is simplified because there are no common terms.
Answer:
A
Step-by-step explanation:
20 times 10% is 2
Answer:
$976,578.71
Step-by-step explanation:
We assume the deposits are made at the <em>beginning</em> of each quarter. The quarterly interest rate is 6%/4 = 1.5%. The number of quarterly payments is 15×4 = 60. The future value of an annuity due is ...
A = P(1+r)((1+r)^n -1)/r
where r is the quarterly interest rate, n is the number of payments, and P is the payment amount.
A = $10000(1.015)(1.015^60 -1)/.015 ≈ $976,578.71
The future value is $976,578.71.
Answer:
108 dollars
Step-by-step explanation:
First, let's convert 6% to a decimal.
We get 0.06 because we multiplied (or divided by 100) it by 1/100.
Now, let's do 0.06 * 300 to get interest on one year. This equals to 18$
Let's now do 18 * 6 to get
108 dollars
