4 * 2 * 1/8
8*1/8
=
1 unit squared
Given:
Amount deposited on birth = $10,000.
Interest rate = 5% compound quarterly.
To find:
The balance on the person's 18th birthday.
Solution:
The formula for amount is

where, P is principal, r is rate of interest, n is number of times interest compounded in an year and t is number of years.
Substitute P=10000, r=0.05, n=4, t=18 in the above formula.





Therefore, the balance on the person's 18th birthday is $24459.20.
Answer:
The Slope is -1/3
Step-by-step explanation:
Hope This Helps!
Plz Mark Brainliest
Answer:
hi there user!
The answer is he needs to save $37.49 more
Step-by-step explanation:
59.99 - 22.50 = 37.49