4 years ago

SWAN85 please help help

Mathematics

1 answer:

vodka [1.7K]4 years ago

6 0

Answer:

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Step-by-step explanation:

y2-y/x2-x1=

(11/7-4/7)/(2/3-2/3) =(3/11)/0

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You need 10,000 to pay for your final college tuition. you find a loan it is compounded quartely at 6.25% for 10 years. how much

Amanda [17]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$10000\\
r=rate\to 6.25\%\to \frac{6.25}{100}\to &0.0625\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, thus four}
\end{array}\to &4\\
t=years\to &10
\end{cases}
\\\\\\
A=10000\left(1+\frac{0.0625}{4}\right)^{4\cdot 10}
\\\\\\
A=10000(1.015625)^{40}\implies A\approx 18592.39366677226890$