Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
i would have helped u
Step-by-step explanation:
but i have forgotten the steps in solving this question
X= 102 • + (75) there you go
Given:
Normal price of a tv = $200
Coupon = 25% off
To find:
The money saved by Katherine.
Solution:
Katherine buys a tv with a normal price of $200 and she has a 25% off coupon. It means, the money saved by Katherine is 25% of normal price of tv, i.e., $200.
Therefore, the money saved by Katherine is $50.
Answer:
1109
Step-by-step explanation:
you can subtract the terms to see the difference between them
-11-(-27)=16
The sequence is increasing by 16
you can plug that 16 in the formula for d
a_n=a_1+(n-1)d
a_n=a_1+(n-1)16
n represents the term you want to find in this case the 72nd
a sub 1 is the first term of the sequence in this case -27
a_72=-27+(72-1)16
a_72=-27+(71)16
a_72=-27+1136
a_72=1109
