Answer:1380
Step-by-step explanation:
its because theres 12 months in a year and its 115 dollar and 115x12 is 1380
Answer:
$5308.79
Step-by-step explanation:
The future value can be computed from ...
FV = P(1 +r/n)^(nt)
where P is the principal invested, r is the annual interest rate, n is the number of times per year it is compounded, and t is the number of years.
Filling in the given numbers, we have ...
FV = $5000(1 +.03/12)^(12·2) ≈ $5308.79
Myron's withdrawal will be in the amount of $5308.79.
Both the numerator and denominator are cubes: (3^3)/(4^3). because they are both to the power of 3, this can be simplified to (3/4)^3, ie x = (3/4)
