After 1 year, the bank paid (5.75/4) percent, 4 times.
The value of the investment is (20,000) times (1 + 0.0575/4) to the 4th power.
(1 + 0.0575/4) = 1.014375
That number to the 4th power is 1.05875... (rounded)
The interest alone is (20,000) times (0.05875...) = $1,175.04
Answer:
480
Step-by-step explanation:
Answer:
I Cannot See A Graph, But I Know That It Falls At 48 Feet Per Second So I Hope This Could Help
Step-by-step explanation:
Again, I Cant See Any Graphs So I Cannot Help You, I'm so sorry :/
The correct answer is <span>R(x) = 9,000[9(1.035)x + 7(1.021)x]; $170,936</span>
