ANSWER : $1,215.51
P= Principal = $1000
R= rate = 5% = 0.05
N= number or periods in 1 year (1 time pre year)
T= time expressed in years = 4 years
A= P (1 + r/n) nxt
= 1,000 (1+ 0.05/1) 1x4
= 1,215.51
Answer:
not sure if they really want numbers here
x and 14x??
Step-by-step explanation:
Is that the exact question? because the last part doesn't really make sense to me
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