Answer:
$6,427.99
Step-by-step explanation:
-We first find the effective annual interest rate as follows:

#We the use this rate to find the compounded amount after 18 years:

Hence, the amount after 18 years is $6,427.99
The answer to your question is 2.625
Answer:
6 1/6
Step-by-step explanation:
-2 1/2 * 3 1/3
-2 * -3 = 6
1/2 * 1/3 = 1/6
Divide the gross income by 12 to find his monthly pay:
29,700 / 12 =$2,475 per month.
Multiply his monthly pay by 7%:
2,475 x 0.07 = $173.25 into his 401(k) per month.
The answer is A.
5x-y
=5(3)-1
=15-1
=14
Therefore, the answer is 14.