We can use the formula below in solving the unknown which is the amount at maturity. In the problem, we can use this formula where V is the missing value V = P(1+r/n)^<span>(nt)
For compounded quarterly, the solution is shown below:
V = $10,000 (1 + 4.5%/4) ^(4*1)
V = 10,000 (1.01125)^4
V = $10,457.65
For compounded daily, we have:
V = 10,000 (1.056025)
V = $10,560.25
The difference can be computed same below:
Difference = $10,560.25 - $10,457.65
Difference = $102.6
</span>
Answer:
ion even know cuh lol
Step-by-step explanation:
To round to the nearest tenth, you would want just one number after the decimal point. You would take the number 15.839 and use that nine to round the 3 to a 4. Since four can not round 8 up to anything, your final answer will be "15.8".