First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
Answer:
In three-dimensional geometry, skew lines are two lines that do not intersect and are not parallel. A simple example of a pair of skew lines is the pair of lines through opposite edges of a regular tetrahedron.
Step-by-step explanation:
In three-dimensional geometry, skew lines are two lines that do not intersect and are not parallel. A simple example of a pair of skew lines is the pair of lines through opposite edges of a regular tetrahedron.
15a-25=35
3.333
Leah needs to buy some apples from the grocery store. She places fifteen apples in her cart and proceeds to the checkout. Lucky for her, there happens to be a discount on apples for the day. She saves $25 on her purchase. The total money she ends up spending was only $35 (excluding tax). How much did each apple cost?
Answer:
nonlinear association
Step-by-step explanation:
