Use the compound interest formula.
A = P*(1 +r/n)^(n*t)
where P is the principal, r is the annual rate, n is the number of compoundings per year, and t is the number of years.
For the first investment, ...
A = 208,000*(1 +.08/4)^(4*5) = 309,077.06
For the second investment, ...
A = 218,000*(1 +.07/2)^(2*4) = 287,064.37
Totaling both investments at maturity, Megan has $596,141.43.
Answer:
101.4 liters.
Step-by-step explanation:
First of all we will find mileage of car.
We can see that car travels at the rate of 7.12 miles per liter gas. Now let us find amount of gas needed to travel 722 miles at the same rate.
Therefore, it will take 101.4 liters of gas to travel 722 miles.
Scot would have 4 football cards..
Not 100% sure
Sorry =,(
Answer:
the answer i think is $259200
Step-by-step explanation:
if the bank charges 7.2% every year, and in this case it's 4 years, then that would mean it would be 28.8%(7.2 x 4), which means the answer would be 9000 x 28.8 which is 259200.
Hope it helped
