For this case we have the following equation:
P (t) = P (1 + r / n) ^ (n * t)
Where,
P: initial investment
r: interest
n: periods
t: time
she will take on her 45th birthday:
for t = 25:
P (25) = 1000 * (1 + 0.0165 / 4) ^ (4 * 25)
P (25) = 1509.31 $
Answer:
The future value of this investment when she takes her trip is:
P (25) = 1509.31 $
Answer:
$1.60
Step-by-step explanation:
1 year have 52 weeks.
8.31/52=0.16
0.16*10= 1.60
Answer:
See Below
Step-by-step explanation:
x(2x) - 4(2x) + x(3) - 4(3)
= 2x² - 8x + 3x -12
= 2x²-5x-12
