Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Step-by-step explanation:
The water level is 8 feet below your dock.
The tide goes out, and the water level lowers
2 foot. A storm surge comes in, and the
water level rises 3 feet. Write an addition
expression to find the new water level.
Answer:
the answer is to add up all the numbers.
Step-by-step explanation:
Answer:
you did this to me too lol
Step-by-step explanation:
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