For this case we have the following equation:
P (t) = P (1 + r / n) ^ (n * t)
Where,
P: initial investment
r: interest
n: periods
t: time
she will take on her 45th birthday:
for t = 25:
P (25) = 1000 * (1 + 0.0165 / 4) ^ (4 * 25)
P (25) = 1509.31 $
Answer:
The future value of this investment when she takes her trip is:
P (25) = 1509.31 $
The answers are C and also D
Answer:
2(2^1-4^2)^4
Step-by-step explanation:
Answer:
Step-by-step explanation:
AE is 9. ED is 6. The triangle ABE is proportional to ACD, so their sides are proportional. For example, AE:ED = AB:BC. So, ED/AE = 2/3 = BC/AB. This gives us 2/3 = x/10, which gives us x=6.6667
