Answer:
2.33
Step-by-step explanation:
If you put the numbers into the radius formula you should end up with this number hope this helps:)
In the given formula :
r = rate = 4.5% = 0.045
t = time = 7 years
P = principal = #3,700
e is an arbitrary number used in mathematics, which is approximately 2.7183
Replace the letters with the given information:
A = 3700e^0.045(7)
A = $5,069.96
The answer is C
Hello using PEMDAS I came up with 63
division and multiplication first then add and subtract leaving you with 63
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Monthly deposit= $100
Interest rate= 0.06/12= 0.005
Number of periods= 12*5= 60 months
<u>a)</u>
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {100*[(1.005^60) - 1]} / 0.005
FV= $6,977
b) <u>If the deposit is at the beginning of the month, the interest is compounded one more period</u>. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= 6,977 + {[100*(1.005^60)] - 100}
FV= 6,977 + 35
FV= $7,012
Answer:
39;45
Step-by-step explanation:
students on the floor;total students
