There is a new diagnostic test for a disease that occurs in about 0.05% of the population. The test is not perfect, but will det
1 answer:
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Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
Therefore
A graphing calculator can help find the number(s) that meet this requirement.
The number could be 15, or -14.
The number could be 15, or -14.