Answer:
it will go up as all the groups will be removed from lower side reducing it's weights
Answer:
a. Yes. The difference is common and equal to $1750
b. $1750
c. $20000 was initial investment
d. This is linear equation with start point of 20000 and slope of 1750:
e. After another 10 years (on the top of 5 given) the investment will be:
- y = 1750*15 + 20000 = $46250
f. After 20 years the value of investment will be:
- y = 1750*20 + 20000 = $55000
The formula to calculate the amount is 1200(1+0.03/4)^5
32200 divide by the number of days in a year 365
32200 / 365 = 88.21
about 88 per day