Answer:
D = $8637.45
Step-by-step explanation:
Rate = 3.65% = 0.0365
Principal = 5000
Time (t) = 15 years
N = 12 (since its compounded monthly)
Compound interest (A) = P(1 + r/n)^nt
A = 5000(1 + 0.0365 / 12)^15*12
A = 5000(1 + 0.00304)¹⁸⁰
A = 5000(1.00304)¹⁸⁰
A = 5000 * 1.7269
A = 8634.86
The investment would worth $8634.86
Note: the final answer may vary slightly from the answer in the options due to ± from approximation
If n = 5, then 9n = 45
45 - 15 = 30, which is the same thing as 6n
Answer:
B I hope this helped!
Step-by-step explanation:
Answer:
he has 140 chickens because he has 10 times more chickens than ducks and he has 14 ducks so 14*10=140
Step-by-step explanation:
Answer:
Dividends = $105000
So option (c) will be correct answer
Step-by-step explanation:
We have given that Retained earning on 12/31/18 is $475000
And retained earning on 12/31/18 is $445000
Net income = $135000
Change in retained income = $475000-$445000 = $30000
We have to find dividends
We know that dividends is given by
Dividends = net income - change in retained income = $135000-$30000 = $105000
So option (c) will be correct answer
