Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Answer:
$406
Step-by-step explanation:
Step one:
given data
Cakes and More baked 1,450 chocolate chip cookies
The bakery sold them in boxes of 25 cookies each
The number of boxes will be
1450/25
=58 boxes
Step two:
The cost per box is $7
hence the cost of 58 boxes will be
=7*58
=$406
Answer:i think its b im not sure tho
Step-by-step explanation:
I got 2 but this could be wrong. Hope this helps ;D
