First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
Answer:
They are all in slope and intercept form already
Step-by-step explanation:
The correct answer would be 6.
To figure this out, you take the square root of 36 since area of a square is side x side.
Answer:
do you have an image for that?
Step-by-step explanation:
