The equation for this is:
F = P(1+i)ⁿ
where
F is the present accounts balance
P is the initial deposit
i is the interest rate
n is the number of months
The interest rate is nominal which is 2.9% per year compounded monthly. Since there are 12 months in a year, that is equal to an effective interest rate of 0.24167% per month compounded monthly (i = 0.0024167). In 9 years, there are a total of 108 months, so n=108.
<span>$2033.88 = P(1+0.0024167)</span>¹⁰⁸
P = $1567.147
Answer = mean, the mean is an average of the data. On the other hand, the median accounts for the middle value of sets of numbers. It would make more sense if you would report the average of salaries for different occupations.
Answer:
91
Step-by-step explanation:
There are 13 scores in total,the Middle score is the median score.
Answer:
It would be 4 months because with extreme fitness 10x4=40 then 40+50=90 then for ultimate fitness 15x4=60 then 60+30=90 so I took 4 months for both memberships to be the same
Step-by-step explanation:
Look at the answer above
Q=x/5-4
let me know if you have any questions
