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
Answer:
in step 4
Step-by-step explanation:
we have

so step 1 is correct
step 2

so step 2 is correct
step 3

so step 3 is correct
step 4

so step 4 is incorrect
Answer:
it have no answer in real number(but it have in complex number if you know)
Step-by-step explanation:
4x^2+36=0
4x^2=-36
(if you know complex numbers see this: x^2=-9 then

)
Answer:
(2, -8)
Step-by-step explanation: