Answer:
500,000
Step-by-step explanation:
it's rounded down to 5 because 3 is less than 5, which means you round down.
Answer: Hi hope your new account doesn't malfunction.
To find the future value the formula is
A=p e^rt
A future value?
P present value 8906.54
R interest rate 0.06
T time 9 years
E constant
A=8,906.54×e^(0.06×9)
A=15,283.68
To find the interest earned the formula is
I=A-p
I=15,283.68−8,906.54
I=6,377.14
