Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Answer: 12+20 = 12 + 20 = 4(3+5)
Step-by-step explanation:
There is only one solution because it is a linear equation.
3x - 6 = 22 - x
3x + x = 22 + 6
4x = 28
X = 7
Answer:
x = 8 and y = - 1
Step-by-step explanation:
The equation of a vertical line parallel to the y- axis is
x = c
where c is the value of the x- coordinates the line passes through
The line passes through (8, - 1 ) with x- coordinate 8, then
x = 8 ← equation of vertical line
The equation of a horizontal line parallel to the x- axis is
y = c
where c is the value of the y- coordinates the line passes through
The line passes through (8, - 1 ) with y- coordinate - 1, then
y = - 1 ← equation of horizontal line
