The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
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Si multiplicas 60 por 100 obtienes 6000 por lo que hay 6 mil
Answer:
The domain will be all real numbers, range will be all real numbers below -3
Step-by-step explanation:
its quadratic so it goes forever left and right. but the vertex has a y value of -3. It is a negative sloped graph, so anything below that is in the range
Answer:
-1.25
Step-by-step explanation:
Better to write this as
a(n)= -5(1/2)^(n-1)
Then the 3rd term is a(3) = -5(1/2)^(3 - 1), or a(3) = -5(1/2)^2 = -5/4 = -1.25
Answer:
Explanation:
Given:
To Find:
Value of p=?
Solution:
Before solving this equation, we will use the method of BODMAS which states that we first solve the Bracket then Off then Division then Multiplier then addition and at last subtraction.
Now we will solve the both right and left hand side of the equation
Gruoping the like terms we get,
After solving the both right hand and left hand side of the equation
And we get the value of p as
