Answer:
Explained below:
Explanation:
It is really true that biodiversity crisis is continuously increasing as many biological groups reported that some varieties of species started to speedily die and specimen report shows that there have been five periods of mass abolition in history with much large scales of species destruction, and the rate of species extinction now is comparable to those times of mass destruction. Definitely, three human actions have a notable impact; the decline of habitat, the entrance of exotic species and advance accumulation.
Answer:
Explanation:
a.)
Amount deposited ; PV = 2,500
Monthly interest rate; r = 3.25% / 12 = 0.2708% or 0.002708 as a decimal
Duration of investment ; n = 5 months
Use future value formula to find the accumulated amount by the end of the 5th month;
FV = PV *(1+r)^n
= 2,500* (1.002708)^5
= 2,500 * 1.01361
= 2,534.025
Therefore, the account will have $2,534.03
b.)
Compound interest is the interest earned on the initial amount deposited(Principal) and on the accumulated interest already earned.
The compound interest is therefore total future value minus the initial amount invested;
= $2,534.03 - 2,500
= $34.03
This is the order in which tertiary level degrees are given
I would say planning and management.
Answer:
FV of annuity = $33247.96979 rounded off to $33247.97
Explanation:
To calculate the value of the investment at the end of the period, we will use the formula for the future value of annuity. The annuity is an annuity due as the investment is made at the start of the period. The formula for future value of annuity due is attached.
FV of annuity = (1+0.04) * 1000 *[((1+0.04)^21 - 1) / 0.04]
FV of annuity = $33247.96979 rounded off to $33247.97