A(t) = P(1+(r/n))^(nt)
A(3) = 500(1+0.04/1))^(1*3)
A(3) = 500(1.04)^3
A(3) = $562.43
Answer:
1/2
Step-by-step explanation:
Pick two of the x's and y's
The first two columns in the table, the x's are -2 and 0 and the y's are 3 and 4.
The x value changes as a +2 and the y value changes from a +1 from the first two columns. Put the +2 as the denominator and the +1 as the numerator. 1/2
Jane will save more than Mariah.
Answer:
$375.49
Step-by-step explanation:
- This question tests our knowledge of annuities
-Given the desired final amount is $25,000, the term is n=25 and the interest rate is 4%, the principal amount invested can be calculated as:

Hence, the annual deposits are $375.49
4+16+10+5+11+6=52yd
Hope I helped