First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
I think the answer is y=3
<u><em>Answer:</em></u>
A. $4397.9
<u><em>Explanation:</em></u>
We are given that Kendra sold 200 shares and that the price per share was $22.1
<u>This means that:</u>
Total value = 200 * 22.1 = $4420
Now, we know that the broker charged 0.5% commission on the total value
<u>This means that:</u>
Broker's charge = 0.5% * 4420 = 0.005 * 4420 = $22.1
<u>Therefore,</u>
Kendra's return = Total value - broker's charge
Kendra's return = 4420 - 22.1 = $4397.9
Hope this helps :)
Answer:
Slope intercept form: y = 4x + 14
Slope: 4
Y-intercept: 14
Step-by-step explanation:
y - 2 = 4(x + 3)
Use distributive property
y - 2 = 4x + 12
y - 2 + 2 = 4x + 12 + 2
y - 0 = 4x + 14
y = 4x + 14
Answer:
p/q = -5/25
multiply-25/5 × -5/25 You'll get the answer as 1.
