Formula of the daily compound interest:
A = P.e^(r.t), where P is the initial investment, r = interest rate, t = number of years e= 2.718 and A = final amount
6,225.18= 4,543.11(e)^(r.15)
(e)^(r.15) = 6,225.18/4,543.11
(e)^(r.15) = 1.3702046
ln[(e)^(r.15)] = ln(1.3702046)
15.r = 0.314991
And r = 0.314491/15 = 0.020 OR 2%
Here are the steps to the answer. Answer: y=x+2
Answer:
All assets represent money, but only liquid assets can be easily turned into spendable money and used to pay debts.
Step-by-step explanation:
The correct answer is - All assets represent money, but only liquid assets can be easily turned into spendable money and used to pay debts.
Assets are ones useful or valuable thing or some valuable property.
Liquid assets can be easily converted into cash within a short amount of time like cash, bonds, securities etc.
Answer:
Step-by-step explanation:
(9u + w)(9u + w)
f: 9u * 9u = 81 u^2
o: 9u * w
i: 9u* w
l: w * w = w^2
Result
81u^2 + 9uw + 9uw + w^2
81u^2 + 18uw + w^2
The reciprocal is the flipped value so it will be11/9