FVAO=2500[((1+0.013/4)^(4*25)-1)/(0.013/4]
FVAO=294,847.29
The answer is c
Answer:
$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)
Step-by-step explanation:
Compound Interest Has a Specific Formula:
This case is Exponential Growth.
Formula: y= ab^x
You need to set up the equation.
First we need to define the rate of growth meaning what do you have to do for the 6.5%.
You need to do 100% + 6.5% = 106.5%
You need to convert the percent to a decimal which will be 1.065
Now we need to start plugging things into our formula to solve.
Your initial Starting amount was $3000
So you need to have y=3000(b)^x
We now know that the rate of growth is 1.065 so the b would be 1.065
y=3000(1.065)^x
Our power to x is our 3.5 years.
Our Equation now:
y=3000(1.065)^3
Now you need to use a calculator to do this due to the amount of decimals and digits.
Remember pemdas when doing this!!!
The answer should result to $3,623.84 but if rounded then: $3,623.85
I think it’s the second one sorry if i’m wrong
From the Venn diagram: 15 players like Chemstrand, 17 players like Chemgrass, 13 players like both Chemstrand and Chemgrass while 10 players like neither Chemstrand nor Chemgrass.
The missing values in the frequency table are x - representing the number of players that like both Chemstrand and Chemgrass, y - representing the number of players that like Chemgrass but do not like Chemstrand and z - representing the number of players likes Chemstrand but do not like Chemgrass.
The number of players that like both Chemstrand and Chemgrass is 13. The number of players that like Chemgrass but do not like Chemstrand is 17. The number of players likes Chemstrand but do not like Chemgrass is 15.
Therefore, x = 13, y = 17 and z = 15
