Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
Answer:
A lot
Step-by-step explanation:
Why am I baking cakes. I SUCK.
There are multiple answers like 15 16 17 18 19 and also 20. Are the correct answers
Answer: The corrected statement is A - B = -B + A.
Step-by-step explanation: Given that the subtraction of a matrix B may be considered as the addition of the matrix (-1)B.
We are given to check whether the commutative law of addition permit us to state that A - B = B - A.
If not, We are to correct the statement.
If the subtraction A - B is considered a the addition A + (-B), then the commutative law should be stated as follows :
A + (-B) = (-B) + A.
That is, A - B = -B + A.
Thus, the corrected statement is A - B = -B + A, not B - A.
