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podryga [215]
3 years ago
15

QUESTION 8

Mathematics
1 answer:
riadik2000 [5.3K]3 years ago
8 0

Answer:

8.) $7325.98

9.) $8218.10

Step-by-step explanation:

Compounded Interest Rate Formula: A = P(1 + r/n)^nt

Simply plug in our known variables into the formula:

A = 6000(1 + 0.04/12)^60 = 7325.98

A = 5000(1 + 0.05/4)^40 = 8218.10

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