Answer:
its A and C
Step-by-step explanation:
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0.462
You just move the decimal point 2 places to the right
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Answer:
$969.04
Step-by-step explanation:
now at age of 18 Brad has 1500 * 1,065^18
at age of 21 he will have 1500 * 1,065^21
if he waits the difference will be 1500 * 1,065^21 - 1500 * 1,065^18 = $969.04
You use the first formula. You plug in the values to get A=400(1+(0.05/1))^6. You should get approximately $536.04. I used 0.05 because you need to change the percent to a decimal, and 1 for n because it is compounded annually, meaning once a year.