Y = mx + bDomainAll the X values in a functionRange<span>All the Y values in a function</span>
It will be $2.50 for each pound of walnuts, and it will be $1 for each pound of chocolate chips.
I know this hold true because when we multiply $2.50 by 2, we get $5, and add that to the other $5 from the chocolate chips and we will get $10. We can also multiply $2.50 by 8 and add $3 from chocolate chips to get $20 + $3, or $23.
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Answer:
0.5
Step-by-step explanation:
