Answer: $4,331
Step-by-step explanation:
I will assume that the question meant 5.2% not 52% as this is quite excessive.
Katherine after 13 years.
Convert the variables;
n = 13 years = 13 * 365 = 4,745 days
r = 5.2% = 5.2/365 = 5.2/365%
Future value = P * ( 1 + r)^n
= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵
= $169,068
Michael after 13 years;
If compounded continuously, the formula is;
Future value = Pe^rt
= 86,000 * e⁰.⁰⁵ ˣ ¹³
= $164,737
Difference = 169,068 - 164,737
= $4,331
Answer:
b
Step-by-step explanation:
Answer:
$200
Step-by-step explanation:
4 different streets with 5 customers on each means 4*5 customers or 20 customers. If he has 20 customers and he gets $10 from each one, thats 20*10. he collected $200
Answer:
the area of the parallelogram is 120 units
