We can set up this equation using this formula:
a = p(1 + r/n)^nt
p = starting amount.
r = interest.
n = number of times it's compounded in a year
t = years
We'd set it up like this:
a = 50(1 + ?/1)^1(12)
Because we're missing the amount of interest, it would be impossible to tell what the amount would be after 12 years.
Answer:
17
Step-by-step explanation:
15*15+8*8=289
= 17
Answer:
68.06%;
Step-by-step explanation:
Answer:
Net worth is defined as:
Assets - Liabilities.
Assets are what you own.
Liabilities are what you have to pay.
So, home + truck + investments are assets.
Likewise, mortgage + student loans + credit cards are liabilities.
Doing the math, Susan's net worth is
Assets - Liabilities
$143,392.90 - $98,077.12 =
$45,315.78
Susan's net worth is $45,315.78
Good luck!
