The estimate would be 430000
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Answer:
Encourage po
Step-by-step explanation:
4 + b/2 = 9
b/2 = 9 - 4
b/2 = 5
2(b/2) = 5(2)
b = 10
hope this helps :)