Answer:
r=7
Step-by-step explanation:
74000=28000(1+r/12)^12(14)
divide 74000 by 28000, and cancel out 28000.
1.00580=1+r/12
(100) .06962=r
r = 6.96198
the 6 after the 9 rounds 9 to 0, which rounds the 6 to 7
r=7
Answer:
0.96592 or 0.97
Step-by-step explanation:
Answer:
$1783.03
Step-by-step explanation:
Annually compounding interest formula:
PV(1+i)ⁿ
1500(1+.025)⁷
1500(1.025)⁷
1783.028631
which rounds to
1783.03
Answer:
12 feet
Step-by-step explanation:
just convert 4 yards into feet