14, 18, 22, 26, 30, . . . = 14, 14 + 4, 14 + 8, 14 + 12, 14 + 16, . . . = 14, 14 + 1(4), 14 + 2(4), 14 + 3(4), 14 + 4(4), . . . = 14 + 4(n - 1) = 14 + 4n - 4 = 4n + 10
The answer is 24 + 0.057
Hope this helps!
Answer:
$10,234.31
Step-by-step explanation:
A suitable financial calculator or spreadsheet can evaluate the future value function for you. It will tell you that $10,234.31 must be deposited today to have $13,000 in three years, when interest is 8% compounded monthly.
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You are solving for P:
13000 = P(1 +0.08/12)^(12×3)
P = 13000/(1 +0.08/12)^36 ≈ 10,234.31
4 feet
6.331 inches
Hope this helps!
Answer:
Kristi
Step-by-step explanation:
The formula for Simple Interest =
Principal × Rate × Time
For Kristi
Kristi invests $3,000 at a 7.25% annual simple interest rate,
Principal = $3000
Rate = 7.25% = 0.0725
Time = 1
Simple interest = $3000 × 0.0725 × 1
= $217.5
For Kari
Her sister Kari invests $3,200 at a 6.25% annual simple interest rate.
Principal = $3200
Rate = 6.25% = 0.0625
Time = 1
Simple interest = $3200 × 0.0625 × 1
= $200
From the above calculation, we can see that: Kristi will earn the greater amount of interest after one year
