Answer:
d
Step-by-step explanation:
The answer is C. Once you add the like terms x^2 and 4x^2 you get your answer.
It would be "twelve thousandths"
The formula to be used here is:
F = P(1+i)ⁿ
where
P = 40000
n = 6 1/4 years
Let's find i first which has to be converted to compounded annually.
i = (1 + r/m)^m - 1
where m = 4 because there are 4 quarters in 1 yr; and r is the given 0.14.
i = (1 + 0.14/4)⁴ - 1 = 0.1475
Thus,
F = (40000)(1+0.1475)^(6 1/4)
<em>F = $94,517.96</em>
Because we do not have the same reading material as you do, we do not know the solution. In addition to that, you are posting the question in the wrong section. This is an economics question. Refer to your required text for the class for the solution.
