Based on the capital amount, the period of compounding, and the interest rate, the final value of the capital is $27,185.21.
<h3>What is the final value of the compounded capital?</h3>
First find the periodic rate:
= 24% / 12 months
= 2% per month
The number of periods is:
= 15 months + 15 days
= 15 + 15/30 days in a month
= 15.5 months
The final value is:
= Amount x (1 + rate) ^ number of periods
= 20,000 x ( 1 + 2%)¹⁵.⁵
= $27,185.21
Find out more on compounding amounts at brainly.com/question/24924853.
#SPJ1
Step-by-step explanation:
hope the attached picture was able to help you
Answer: I believe it would be 60% tell if I am wrong
Step-by-step explanation:
The answer to this is B=11
Answer:
C.
Step-by-step explanation:
If you are distributing, you must distribute the outside to both terms in the inside.