Given
Present investment, P = 3400
APR, r = 0.0115
compounding time = 13 years
Future amount, A
A. compounded annually
n=13*1=13
i=r=0.0114
A=P(1+i)^n
=3400*(1+0.0115)^13
=3944.895
B. compounded quarterly
n=13*4=52
i=r/4=0.0115/4
A=P(1+i)^n
=3400*(1+0.0115/4)^52
=3947.415
Therefore, by compounding quarterly, he will get, at the end of 13 years investment, an additional amount of
3947.415-3944.895
=$2.52 (to the nearest cent)
Answer:
0.7
Step-by-step explanation:
V = Volume of cylinder
B = area of base
h = height of cylinder
It turns out that
V = B*h
In a similar way to that of a cube
If we know that V = 84pi and h = 7, then we can plug those values into the formula above, and solve for B
V = B*h
84pi = B*7
84pi/7 = B*7/7 ... divide both sides by 7
12pi = B
B = 12pi
Therefore the base is 12pi square units
20+12x
20+12(40)
20+480
500
total compensation for this week = $500
Answer:
-11.18
Step-by-step explanation:
