Answer is 18 unless u wont it in letters
Answer:
- Annabella will save $4950.11 after 2 years.
Step-by-step explanation:
<h3>Given</h3>
- Periodic payment P = $200,
- Period t = 2 years,
- Number of compounds, monthly n = 12,
- Interest rate, r = 3.2% = 0.032.
<h3>To find</h3>
- Future value of saving, F
<h3>Solution</h3>
Use periodic compound formula:
Substitute the values and calculate:
rounded
A number that has a digit in the tenths place, hundredths place or beyond is called decimal numbers. Any number after the decimal point is called decimal number, it value always started in tenths place value, then followed by hundredths, then thousandths, then ten thousandths, then hundred thousandths and so on. It is still the same with giving place value in whole number. The only difference is, its value decreases as it becomes away from the decimal point.
