Answer:
$1480.24
Step-by-step explanation:
This will be solved by the formula:
Where
FV is the future value (what we are looking for)
I is the initial amount (which is $1000)
r is the rate of interest per period (8% is annual interest, but the period is SEMI-ANNUAL, that's 6 months, half of yearly. So r would be half of 8%, which is 4% or r = 0.04)
t is the times compounding occurs in the whole time (The whole time period is 5 years, but compounding occurs semi-annually, so 5*2 = 10 times. Thus, t = 10)
<em>plugging the info into the formula we will get our answer.</em>
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Answer:
1
Step-by-step explanation:
The mean absolute deviation of a dataset is the average distance between each data point and the mean.
It does not say simple or compound interest.
Simple interest is rarely used these days, so assume compound.
Use the standard formula:
future value = present value*(1+rate/n)^(nt)
n=number of times interest is compounded per year (=1)
t=number of years
Plugging values,
200=100(1.09)^t
1.09^t = 2
take log
t(log(1.09))=log 2
t=log(2)/log(1.09)=0.6931/0.08618=8.04 years.
Answer:
Step-by-step explanation:
ok im not sure if this is it but 148.41315910
Answer:
d
Step-by-step explanation:
he is benifeting from both
