The answer is indeed 3,725.90. The reason why is because <span>with each adjustment, you take the remaining balance and calculate a fixed rate loan for the remaining time period at the new rate. When you follow that procedure with the data you already have, you get that answer.</span>
Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,

Thus, after 9 years the account will be worth 13709.60$
Per ticket cost $17.25
Per person conveyance fee $3.00
Percent increase in the cost of per ticket
17.39%
3cd^2(6cd + 14cd^2)
18cd^3 + 42cd^4
I=prt
i=(45000)(0.08)(1)
i=3600
depreciation= $3600/y