Answer:
A) 2
Step-by-step explanation:
Answer: $58,088.57
Step-by-step explanation:
The investment is compounded weekly so you need to change the parameters of the equation to a weekly figure:
Interest rate is yearly so:
= 3.75%/52
= 3.75/52% per week
Number of periods is 4 years so:
= 4 * 52
= 208 weeks
Future value in 4 years is:
= 50,000 * ( 1 + 3.75/52%)²⁰⁸
= $58,088.57
Not sure if your the same person but I had already done the work for this problem....
Answer
A only (2,3)
Step-by-step explanation:
If you graph it or plug it into Desmos that can also help
Answer:
<u>A. Nicholas will have to pay less using plan A</u>
<u>B. He will pay US$ 4 less than plan B</u>
Step-by-step explanation:
Let's compare how much Nicholas will pay on internet service in Plan A and plan B, after using it 16 hours and 40 minutes.
Plan A
Up to 10 hours = US$ 6
Every subsequent 1/2 hour: $1
10 hours + 14 (1/2 hour)
<u>Nicholas will pay 6 + 14 * 1 = US$ 20</u>
Plan B
Up to 12 hours = US$ 4
Every subsequent 1/2 hour: $2
12 hours + 10 (1/2 hour)
<u>Nicholas will pay 4 + 2 * 10 = 24</u>
