Answer:
2698
Step-by-step explanation:
2712-14
Answer:
$4,881.56
Step-by-step explanation:
The future value formula is ...
FV = P(1 +r/n)^(nt)
where principal P is invested at annual rate r compounded n times per year for t years.
You have P=3300, n=12, r=0.028, t=14, so the future value is ...
FV = $3300(1 +0.028/12)^(12·14) = $4881.56
There would be $4881.56 in the account after 14 years.
A binomial is going to have two terms. =)
OK. Then let's solve for ' r '. That means you have to come up with an equation that says r = everything else.
Step #1:
Write the equation you're given: <span>S = L (1 - r)
Let's divide each side by ' L ': S/L = 1 - r
Subtract 1 from each side : S/L - 1 = -r
Multiply each side by -1 : <em> 1 - S/L = r</em>
and there you have it.
</span>
It is pretty simple
All you have to do is multiply 186 times .65 which you get 120.9
So that's all you have to do