Answer:
3/5
Step-by-step explanation:
Answer:
$56,226
Step-by-step explanation:
x = investment
Earning interest of 3.57% is the equivalent of multiplying the initial balance (investment) by 1.0357;
Over 20 years, the new balance can be found by multiplying the initial balance by (1.0357)²⁰;
We can formulate an equation to solve to get the initial investment:
x(1.0357)²⁰ = 113400
(2.01687752)x = 113400
x = ¹¹³⁴⁰⁰/₍₂.₀₁₆...₎
x = 56225.5263 → 56226
Step-by-step explanation:
91011121314671234567891p
Answer:
1. C
2. B
3. B
4. A
5. B
Step-by-step explanation:
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