Answer:
1) future value = present value x [1 + (i x n)] = $300 x [1 + (3.5% x 4)] = $342
2) using the compound interest formula:
future value = $225 x (1 + 4.1%)¹°⁵ = $238.98
Using the simple interest formula doesn't yield the same answer = $225 x [1 + (4.1% x 1.5)] = $238.84. In this case it is close due to a very short period of time and low interest rate.
3) future value = present value x (1 + i)ⁿ = $1,700 x (1 + 6%)⁴ = $2,146.21
since the interest is annual, we must convert 48 months to 4 years
Step-by-step explanation:
no need.,..................
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Answer:
Step-by-step explanation:
P(4) = 1/6
P(h) = 1/2
P(both) = 1/2 * 1/6 = 1/12
For the first question the answer is 1/13. then for the second it is 1/2 and for the third it is 3/10.