What time was it 20 minutes ago
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Answer:
Step-by-step explanation:
Matured amount of $200000 at 4% compounded quarterly after 3 years
= $200000 x ( FVIF , 1 , 12 )
= $200000 X 1. 1268
= $225360 .
Matured amount of $210000 at 3% compounded semiannually after 2 years
= $210000 x ( FVIF , 1.5 , 4 )
= $210000 X 1. 1268
= $225360 x 1.0614
= $239197
Total amount after maturity
= $225360 + $239197
= $464557
Matured amount of $464557 at 2% compounded annually after 7 years
= $464557 x ( FVIF , 2 , 7 )
= $464557 x 1.1487
= $533636.6
This amount is more than his target amount of 500000.00 So she meets the goal .
Answer:
Total interest =$1296
Step-by-step explanation:
Kevin invested $8,000 for one year at a simple annual interest rate of 6 percent
Simple interest = 
P=8000, n=1 year and r=6
interest = 
Interest = 480 dollars
P= 10000, t=1, r=8%=0.08, n=2 for semiannually
Interest = 10816- 10000=816
Total interest = 
Convert it into fraction=537/100 then do the long division = 5 and 37 over 100
