Answer:
$27,014.85
Step-by-step explanation:
We're gonna use the compound interest formula: P = A(1 + r/n)^nt
P = final amount
A = starting amount (10,000)
r = rate (0.05)
n = times applied (4 since it's quarterly)
t = years (20)
P = 10,000(1 + 0.05/4)^4*20
P = 10,000(1.0125)^80
P = 27,014.84940753337
Round it to just 27,014.85
P=A/(1+i/m)^mn
P=20000/(1+0.09/12)^12*4
P=(20,000)÷(1+0.09÷12)^(12×4)
P=13,972.28
I think it means that how much will it be per pound. Have a great day!
Answer: okay
Step-by-step explanation:
