Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Answer:
Factors of 78: 1, 2, 3, 6, 13, 26, 39, and 78.
Prime Factorization of 78: 78 = 2 × 3 × 13.
Step-by-step explanation:
Answer:
36
Step-by-step explanation:
24 divided by 2 is 12. 12=1/3. 12x3=36
Answer:
-0.25, 3/12, 1/4
Step-by-step explanation:
Absolute value is a numbers distance away from zero.
0.4 does not work
-0.25 has and absolute value of 0.25
3/12=1/4=0.25
1/4=0.25
