Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
I think it only surrounds 1 meter because it’s a meter long
The answer to your question is 2
Let the number be x.
Half of that number = x / 2
One third of the number = x / 3
= x / 2 + x / 3 = 22. LCM = 6.
= (3x + 2 x) / 6 = 22.
5x / 6 = 22. Cross multiply
5x = 6 * 22.
5x = 132 Divide both sides by 5.
x = 132 / 5
x = 26.4
The number is 26.4. Cheers.
It is in the thousands place.
