Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Need a more clear photo please can’t see nothing.
Answer:
(5, 20)
Step-by-step explanation:
We can find the slope of the line
m = (y2-y1)/(x2-x1)
= (40-0)/(10-0)
= 40/10
=4
Since the line goes through (0,0) the y intercept is 0
y = mx+b
y = 4x
Lets check the points by substituting into the equation
40, 10) 10 = 4*40 10 =160 no
(–5, –10) -10 = 4*-5 10 = -20 no
(5, 20) 20 = 4*5 20 = 20 yes
(–10, –20) -20 = 4*-10 -20 = -40 no
Answer:
<em><u>hope</u></em><em><u> </u></em><em><u>it</u></em><em><u> </u></em><em><u>is</u></em><em><u> </u></em><em><u>helpful</u></em><em><u> </u></em><em><u>to</u></em><em><u> </u></em><em><u>you</u></em><em><u> </u></em>
Step-by-step explanation:
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Answer:
63/500
Step-by-step explanation:
