Answer:
$1440.23
Step-by-step explanation:
The formula for calculating future value of a sum compounded at specified times =
FV = PV x (1 + r/m)^nm
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
$1100 x ( 1 + 0.045 /12) ^12x6 = $1440.23
You need k by itself, so the only way to do that is to divide both sides by 5
Incomplete question. However, I provided some explanation about non-real complex numbers.
<u>Explanation</u>:
In Mathematics, the term complex numbers (non-real complex numbers) in simple terms refers to numbers that containing an imaginary addition to it.
For example, the numbers 3i, 3 + 5i, 3i/4 are <u>non-real numbers</u> because of the addition of an imaginary part which is denoted by 'i'.
While real numbers, on the other hand, are numbers that do not include an imaginary part; they stand on their own, such as whole numbers 0, 1, 2, 3, etc, rational numbers like 3/4, etc.
