How much money will there be in an account at the end of 10 years if $4000 is deposited at 6% compounded quarterly
1 answer:
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Answer:
Step-by-step explanation:
Write the number in exponential form with the base of 2:
Since the bases are the same, set the exponents equals.
Cancel equal terms on both sides of the equation:
Answer:
-20
Step-by-step explanation:
According to PEMDAS, we need to do the math in the parentheses first.
Applying PEMDAS to the inside of the parentheses, then we have to divide -6 by -1, where we would get 6.
Adding a negative is the same as subtracting, so adding negative 10 is the same as subtracting 10.
Subtracting, we get 6 - 10 = -4 and we're left with:
Multiplying, <u>our final answer is -20.</u>
Hope this helps!