$260.00
Because you won’t need to multiply the $60.00 per person
9514 1404 393
Answer:
19 years
Step-by-step explanation:
The compound interest formula tells you the future value of principal P invested at annual rate r compounded n times per year for t years is ...
A = P(1 +r/n)^(nt)
Solving for t, we get ...
t = log(A/P)/(n·log(1 +r/n))
Using the given values, we find t to be ...
t = log(2.13022)/(4·log(1 +0.04/4)) ≈ 19.000
The investment will be worth $213,022 after 19 years.
Answer:
D
Step-by-step explanation:
The miles he traveled by plane is nine times greater than the miles traveled by automobile. If the total is 600 miles, then the total distance traveled by automobile would be 60 miles, making the total traveled by airplane 540 miles.
