For this case we have the following equation:
P (t) = P (1 + r / n) ^ (n * t)
Where,
P: initial investment
r: interest
n: periods
t: time
she will take on her 45th birthday:
for t = 25:
P (25) = 1000 * (1 + 0.0165 / 4) ^ (4 * 25)
P (25) = 1509.31 $
Answer:
The future value of this investment when she takes her trip is:
P (25) = 1509.31 $
-1-1 or 2-4 or 3-5 or 6-8 or 7-9 or 8-10
You have to expand the expression so that it becomes
3m+3n
37.5% of her credits. 24 out of 64, divide and you get your answer. multiply by 100 to get the percentage.
You solve it by dividing -40 over -5 then you will get x=8
