Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
Therefore
Answer:
From top to bottom:
Step-by-step explanation:
We are given the piecewise function:
Row 1:
We want to find g(-2).
Since -2 is less than (or equal to) 2, we will use the first equation. Thus:
Row 2:
Likewise, 0 is less than or equal to 2. We will continue to use the first equation:
Row 3:
2 is not less than 2 but it is equal to 2. So we will continue to use the first equation:
Row 4 and 5:
Both 4 and 6 are greater than 2. Thus, we will use the second equation. Therefore: