So Bill will receive more Extra yield for Bill=2560-2200=360 Answer=$ 360.00
4(4/5) + √(4/5) + 0.2 - 5(4/5)
= 16/5 + (2√5/5) + (1/5) - 4
= (16 + 2√5 + 1 - 20)/5
= (2√5 - 3)/5 or 0.29442719
Answer:
Assume you will invest fixed amount x at the starting of each month
S(12): (1.00625x)*(1.00625^(12)-1)/(1.00625-1) = 2000
x=160
you will invest fixed amount 160 at the starting of each month and get 2000 at the end of the year ,which compounded 7.5% monthly.
how much will you have invested at the end of the first year ?
160*12=1920
Do 27 - 10 = 17∠ 10
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