Answer:
549192.188 $
Step-by-step explanation:
Compounded interest is calculated each year based on the starting amount of that year.
To calculate compounded interest the following formula is used
![A = P[1 + (\frac{r}{t})]^n^t](https://tex.z-dn.net/?f=A%20%3D%20P%5B1%20%2B%20%28%5Cfrac%7Br%7D%7Bt%7D%29%5D%5En%5Et)
where
A = Amount at the end of the year
P = 4,200,000 (Principal amount at the start)
r = 0.054 (rate of interest, i.e. 5.4%)
n = 4 (compounding frequency in an year, i.e. quarterly)
t = 5 (number of years)
The solution will thus be
![A = 4200000[1+\frac{0.054}{4}]^2^0](https://tex.z-dn.net/?f=A%20%3D%204200000%5B1%2B%5Cfrac%7B0.054%7D%7B4%7D%5D%5E2%5E0)
A = 549192.188
Answer:
this is hard sorry
Step-by-step explanation:
Answer:
If I'm thinking right then the answer should be 5% ?
There's 8 students total if I'm correct?
2 people got 15.
2 people got 16.
1 person got 17.
2+2+1=5
2 person got 14.
1 person got 12.
2+1=3 There's 8 students total. but the answer should be 5%.
Answer:
6 minutes
Step-by-step explanation:
Mr Crenshaw checks at a rate of 1/10 and Mr. Aguirre checks at a rate of 1/15.
If they work together, they will be checking at a combined rate of:
1/10 + 1/15 = [3(1) + 2(1)]/30
= 5/30 = 1/6
Their combined rate is 1/6 which means they check one set in 6 minutes
Answer:
same sorry can't help
Step-by-step explanation:
