Answer:
We get the value of Principal amount i.e initial investment = $61640
Step-by-step explanation:
Interest rate r = 3.59% or 0.0359
Compounded quarterly n = 4
Future Amount A = 117,300
Time t = 18 years
We need to find initial investment i,e Principal Amount P
The formula used is: 
Putting values and finding P
So, We get the value of Principal amount i.e initial investment = $61640
We use equations for geometric sequence. We do as follows:<span>
a(n) = a(1) r^(n-1)
20 = ar^(2-1)
</span>20 = ar<span>
a = 20/r
11.25= ar^(4-1)
</span>11.25 = ar^3
<span>11.25 = (20/r)r^3
r = 0.75
Hope this answers the question. Have a nice day.</span>
Answer:
no
Step-by-step explanation:
hope I'm right but either 2 or 4 i can kinda go either way
Answer:
2.705
Step-by-step explanation:
reduce your fractions
2 + 7/10 + 1/200
541/200 = 2.705
