Show holw you can you use The distributive property To rewrite and find (32X6)+(32X4
1 answer:
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Begin by computing the <span>monthly interest rate like this:
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<span>Each month, we have to substract from $463 the monthly rate and the payment of 5%, which result in the following formula:
</span>
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So, after three months, it ill remains $381.5 in </span><span>Bridgette account. </span>
</span>
<span>Each month, we have to substract from $463 the monthly rate and the payment of 5%, which result in the following formula:
</span>
<span>
So, after three months, it ill remains $381.5 in </span><span>Bridgette account. </span>
Answer:
$1080
Step-by-step explanation:
convert % to decimal by multiplying 3.2%x100=0.032
then multiply by initial amount 3000x0.032
then multiply by 2 because it's compounding semiannual
then multiply by 3 because it's over a 3 yr period
do the same for the quarterly compound but multiply by 4 because it's quarterly
over a 3 yr period the quarterly compounded amount will earn:
$504 more than the account compounded semiannual