Given
Present investment, P = 3400
APR, r = 0.0115
compounding time = 13 years
Future amount, A
A. compounded annually
n=13*1=13
i=r=0.0114
A=P(1+i)^n
=3400*(1+0.0115)^13
=3944.895
B. compounded quarterly
n=13*4=52
i=r/4=0.0115/4
A=P(1+i)^n
=3400*(1+0.0115/4)^52
=3947.415
Therefore, by compounding quarterly, he will get, at the end of 13 years investment, an additional amount of
3947.415-3944.895
=$2.52 (to the nearest cent)
Answer:

Step-by-step explanation:
<u>Step 1: Add 79 to both sides</u>


<u>Step 2: Subtract 2x from both sides</u>


<u>Step 3: Divide 8 from both sides</u>


Answer: 
Answer:
25%
Step-by-step explanation:
It says 25% chose fish.
<u>Answer:</u>
96
<u>Step-by-step explanation:</u>
Let's assume that the marks needed in the next exam is
. Then if the average becomes 90,

Now we can simply solve for
:
⇒ 
⇒
[Multiplying both sides by 4]
⇒
[Subtracting 264 from both sides]
⇒ 
Therefore, you need to score 96 in your next exam to have an average of 90 on the four exams.