I’m not sure if my answers are right but you’re supposed to find the length of AC and QR (simplified)
1 answer:
You might be interested in
See the attachment for the answer and enjoy :)
add this statement at the end...... "<span>Also, if she retires at 67, then there are 67-25=42 years of investment, which gives A=$53212.28"</span>
add this statement at the end...... "<span>Also, if she retires at 67, then there are 67-25=42 years of investment, which gives A=$53212.28"</span>
Answer:
$3,440.86
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance </em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually </em>
<em>t = time</em>
<em />
First, change 11% into its decimal form:
11% -> -> 0.11
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The balance will be $3,440.86 after 5 years.