Answer h:
Step-by-step explanation:
Idk,
Tips with decimals....
Our decimal system gives us the flexibility to write numbers as large or
small as we like. The key to the decimal system is the decimal point. Anything
on the left of the decimal point represents a whole number, anything on the
right of the decimal represents less than one (similar to a fraction). Going
from left to right, the value of each place on the right of the decimal point is
1/10 the value of the place on the left. Good luck!
Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
The answer is one hundred
