A₀ = 18 000(1 + 0.0025)⁰
A₁ = 18 000(1 + 0.0025)¹
A₂ = 18 000(1 + 0.0025)²
A(n) = 18 000(1 + 0.0025)ⁿ
So, after 5 months, A(n) = 18 000(1 + 0.0025)⁵ = $18 226.1278 ≈ 18 226.13
5 years is 60 months.
A₆₀ = 18 000(1 + 0.0025)⁶⁰ = $20 909.1021 ≈ $20 909.10
The answer to your question is D
Answer:
19.64$
Step-by-step explanation:
91.89-72.25
The answer is: [B]: "arithmetic" .
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"The <u> arithmetic </u> average ignores compounding."
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