Use the compound interest formula.
A = P*(1 +r/n)^(n*t)
where P is the principal, r is the annual rate, n is the number of compoundings per year, and t is the number of years.
For the first investment, ...
A = 208,000*(1 +.08/4)^(4*5) = 309,077.06
For the second investment, ...
A = 218,000*(1 +.07/2)^(2*4) = 287,064.37
Totaling both investments at maturity, Megan has $596,141.43.
Answer:
30
Step-by-step explanation:
Answer:
16 ?
Step-by-step explanation:
1. Brandi was driving 60mph down the highway. Ratio is 60/1. 60mi per 1 hr
2. Brandi bought 5 apples at the store and 6 oranges. The ratio of apples to oranges is 5:6 or 5 to 6.
3. Brandi has 3 sisters and 1 brother. Ratio of sisters to brothers is 3:1 or 3 to 1.
4. Brandi has 20 shirts and 10 pants in her closet. The ratio of shirts to pants is 20:10 or 20 to 10.
5. Brandi has 12 boys in her class and 13 girls. The ratio of boys to girls is 12:13 or 12 to 13
Hope this helps:)
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