The answer is 12ofer35 like 12/35
Yes, 104.12 is greater than 104.02.
Answer:
B. $14,984
Step-by-step explanation:
The multiplier is ...
(1 +r/n)^(nt) . . . . where r is the nominal annual rate, n is the number of times interest is compounded per year, and t is the number of years.
Here, that multiplier is ...
(1 +.08/2)^(2·8) = 1.04^16 ≈ 1.87298
Then Lana will be paying Tina ...
$8000×1.87298 ≈ $14984
at the end of 8 years.
Answer:
Step-by-step explanation: A