Answer:
No Problem
Step-by-step explanation:
Answer:
x^2+4x+2
Step-by-step explanation:
√4 = 2
=x^2+2x+2x+2
add the ones that are the same (2x+2x)
x^2+4x+2
Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn
A = $5,000 (1.040417)
A =$5202.085
For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215
The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13
