Step-by-step explanation:
Answer:
$7.7 million
Step-by-step explanation:
Given: $6.8 million profit made by company.
13% increase in profit every year.
Now, finding the company´s profit in the year of 2006.
As we know there is 13% increase in profit.
∴ Profit increase=
Next adding company´s profit with increase in profit to get profit in the year 2006.
∴ ≅ $7.7
The company´s profit in the year 2006 is $7.7 million.
Answer:
The formula is
A=p (1+r/k)^kt
A future value?
P present value 4100
R interest rate 0.04
K compounded monthly 12
T time 10 years
A=4,100×(1+0.04÷12)^(12×10)
A=6,112.41. ..answer
Step-by-step explanation:
Answer:
a.....Naeem's work
Step-by-step explanation:
i just took the the test i got it right