The required equation is y = 10000(1.0.25)^2x. The value of Christina’s investment after 20 years is $30,773.14
Compound interest
The interest accrued on a sum of money is known as interest. The formula for calculating the compound interest is expressed as:
y = y0(1+r/n)^nx
where
x is the time taken
r is the rate in decimal
n is the compounding time
Given the following
x = 20 years
n 2(semi annually)
r = 5.7% = 0.057
Substitute
y = 10000(1+0.057/2)^2(20)
y = 10,000(1 + 0.0285)^40
y = 10000(1.0285)^40
y = 30,773.14
Hence the value of Christina’s investment after 20 years is $30,773.14
Learn more on compound interest here: brainly.com/question/24924853
Answer:
She must be sure there is at least $135 in her bank account for the purchase.
She must check to see if any automatic payments are scheduled for her account.
Step-by-step explanation:
just finished that assignment
Answer:
Expected value would be $ 0.896
Step-by-step explanation:
Given,
The price of the lottery ticket = $44800000,
Also, the probability of winning the grand prize = .000000020,
Thus, the expected value of the lottery ticket = value of the lottery ticket × probability of getting the lottery ticket
= 44800000 × .000000020
= $0.896
Note : value of lottery ticket = prize amount - cost of each ticket,
Here the cost price of a ticket is not given,
That's why we did not consider it.
Answer:
..what answer exactly? (im just gonna put my random answer here lol)
<em>The development of the calander shows they can divde the number of minutes hours days month etc in a year. Development of the pyramids shows geometry and engineering.</em>
Here is your answer. Good luck!
