1) Quaterly interes = 3% / 4 = 0.03 / 4
2) Values:
after 1 quarter: 2000 (1 + 0.03/4)
after 2 quarters: 2000 (1 + 0.03/4)^2
after 3 quarters: 2000 (1 + 0.03/40^4
after 4 quarters = 2000 (1 + 0.03/4)^4
You could have used the future value formula directly:
A = C * (1 + r/n) ^ n*t
where r = 3% = 0.03
n = number of periods in a year: 4
t = number of years = 1
C = initial investment = 20000
=> A = 2000 (1 + 0.03/4)^4
Answer: option D. A = 2000 ( 1 + 0.03 /4) 4
Answer:
-2 I think hopefully that is right
Answer:
x=12/23
Step-by-step explanation:
Isolate the variable by dividing each side by factors that don't contain the variable.
Answer:
x=4x+7=
x=5=
Step-by-step explanation:
The answer is: $0.22
Just divide :)
Hope this helps!
