3 years ago

IIene earns $20. Se saves $2 for every $8 that she spends. How much of the $20 did she save

Mathematics

1 answer:

solniwko [45]3 years ago

7 0

If she has $20 and saves $2 for every $8 she saves $4.

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2 years ago

Joshua invested $750 in an account paying an interest rate of

Maslowich

Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
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Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
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Josiah:
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2 years ago