Answer:
equation; P=A(1+r/n)^nt
P=principal amount
A=value of investment
r= interest rate in decimals
n=number of times compounded
t=time in years
P=1000(1+0.16/12)^12(5)= $2213.8 rounded
Step-by-step explanation:
Looks correct. :)...........
Answer:
400
Step-by-step explanation:
just took the test lol
The total annual returns on each of the following investments would be 65 times 11,300 and the answer you’ll get divide by 2