Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
well bart has 20.00
andy took 19.65
Step-by-step explanation:
subtract 
your answer should be 0.35
Answer:
..
Step-by-step explanation:
no the correct point would be (7,12)
7x1=7
7+5=12
301.2916666667 is your answer.
Answer:
21
Step-by-step explanation:
<em>Step 1: add 2 to 5</em>
=> 2 + 5
=> 7
<em>Step 2: Multiply the result by 3:</em>
=> 7 * 3
=> 21
Therefore the <u>final answer = 21</u>
Hope this helps!
