hello,
the first term is 250 so this is the initial invested amount
is to compute 8% annual interest compounded monthly (there are 12 months in a year)
and then multiply by 4 means that it is computed for 4 years so
finally the answer is
$250 is invested at 8% annual interest compounded monthly for 4 years
hope this helps
Answer:
the answer is b
Step-by-step explanation:
brainliest pls
Answer: he will make $2784 in 60 days
Answer:
16 miles
Step-by-step explanation:
The graph is counting by 2, and there are 8 spaces between the Grocery store and the post office. 8(2) = 16
The formula of the future value of annuity ordinary
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value
Pmt payment per year 4000
R interest rate 0.0215
N time 5 years
Fv=4,000×(((1+0.0215)^(5)−1)÷(0.0215))
fv=20,878.69
