Answer:
<h2>
$31,745</h2>
Step-by-step explanation:
Compound continuously:
FVn = PV x e^rn
where
PV = $20,000
r = 3.85%
n = 12 years
plugin values into the formula:
FV₁₂ = $20,000 x e ⁰°⁰³⁸⁵ ⁽¹²⁾
FV₁₂ = $31,745
Answer:
step 1. 6x2=12 first place way
step 2. 12×2=24
step 3. 24+6=30 second place way
D. Three less than five times the quantity of a number plus two.
