The associative property is basically just when you move the parentheses in a problem. For example: (a+b)+c = a+(b+c).
Distributive property is a little more complicated, its better if i show you.
a(b+c) = ab+ac
so a times b plus c is the same as a times b plus a times c.
Hope i helped:)
9514 1404 393
Answer:
$36,259.78
Step-by-step explanation:
The formula for compound interest is ...
A = P(1 +r/n)^(nt)
where principal P is invested at annual rate r for t years compounded n times per year.
Here, you have P = 17000, r = 0.06, n = 1, t = 13.
A = 17000(1 +0.06)^13 = 17000(2.13292826) = 36,259.78
The accumulated value after 13 years is $36,259.78.
Answer:
The answer for the first one is 1/2.
The answer for the second one is -1/1
Step-by-step explanation:
Hope that helps you :)
Answer:
Amount he must have in his account today is $5,617.92
Step-by-step explanation:
Data provided in the question:
Regular withdraw amount = $900
Average annual interest rate, i = 4% = 0.04
Time, n = 7 years
Now,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
here,
C = Regular withdraw amount
Thus,
Present Value =
Present Value = ![900 \times\left[ \frac{1-(1+0.04)^{-7}}{ 0.04 } \right] \times(1 + 0.04)](https://tex.z-dn.net/?f=900%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2B0.04%29%5E%7B-7%7D%7D%7B%200.04%20%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%200.04%29)
Present Value = ![936 \times\left[ \frac{1 - 1.04^{-7}}{ 0.04} \right]](https://tex.z-dn.net/?f=936%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1%20-%201.04%5E%7B-7%7D%7D%7B%200.04%7D%20%5Cright%5D)
Present Value = ![936 \times\left[ \frac{1 - 0.759918}{ 0.04} \right]](https://tex.z-dn.net/?f=936%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1%20-%200.759918%7D%7B%200.04%7D%20%5Cright%5D)
Present Value = 936 × 6.00205
or
Present Value = $5,617.92
Hence,
Amount he must have in his account today is $5,617.92
The answer is A!!! Hope that helped :)
