Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
E I think I am not sure though.
Answer:
B
Step-by-step explanation:
Every (x,y) pair is equal to each other, thus making them proportional :)
Answer:
A
Step-by-step explanation:
(because -4 is equal to -4 and meets the condition of the top inequality, you plug in -4 into the top function)
![g(-4)=\sqrt[3]{(-4)+5}\\\\g(-4)=\sqrt[3]{1} =1](https://tex.z-dn.net/?f=g%28-4%29%3D%5Csqrt%5B3%5D%7B%28-4%29%2B5%7D%5C%5C%5C%5Cg%28-4%29%3D%5Csqrt%5B3%5D%7B1%7D%20%3D1)
