16y = 19 A. y = 4 B. y=2/3 C. y=1/4 D. y = 38
2 answers:
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Step-by-step explanation:
the explanaition of the answer and solution is in the picture, check it out. this is for question 14
Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
Therefore