What is the value of y? 3/3 units 6/3 units 9/3 units 12/3 units
1 answer:
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That’s easy just place 2.4 on top of 1.5 and do the math, I did it in the picture for you, since there are two decimal points one in 2.4 and the second in 1.5. So the answer is 3.60 as shown in the pic. Any questions ? Sorry the picture is sort of messed
Answer:
<em>Milan will have $4701.73 in his account</em>
Step-by-step explanation:
<u>Final Value in Compound Interest</u>
The compound interest computes each interest earned in a period including the interest earned in the previous periods.
If an initial value or principal P is deposited into an account with an interest rate i, during n periods, the final value FV will be
If the interest is compounded monthly we must convert to the monthly equivalent:
The period of investment must be expressed in months, thus
Now we find the final value
FV=4000(1+0.0045)^36=4701.73
Milan will have $4701.73 in his account