I know for a fact B is wrong, so you can mark that off. I got C.
You would round 1506 to 1500 and and do not round 2. So then you woulddo 1500 divided by 2 to get 750!
For t=0
<span>Allan borrows--------------------------- > 1870 dollars
for t=6 years
</span>F1 = P*(1 +(r/m))^n
i=r/m
n=m*t---------- >1*6=6
we have
P1=1870
r=8%
m=1
t=6 years
F1 = 1870*(1 +(0.08/1))^6------------------ >2967.45 dollars
for t=2
Allan borrows--------------------------- > 1240 dollars
for t=6 years
F2 = P2*(1 +(r/m))^n
i=r/m
n=m*t---------- >1*4=4
we have
P2=1240
r=8%
m=1
t=4 years------------> (6-2)=4 years
F2 = 1240*(1 +(0.08/1))^4------------------ >1687 dollars
F1+F2=2967.45+1687=4654.45 dollars
the answer is 4654.45 dollars
Answer:
0.00045
Step-by-step explanation:
This decimal is in the middle of these two numbers.
