Answer:
Step-by-step explanation:
<u>Given:</u>
- Investment P = $20000
- Time t = 7 years
- Interest rate r = 5.5% = 0.055
a. <u>compounded semiannually, n = 2</u>
b. <u>compounded quarterly, n = 4</u>
c. <u>compounded monthly, n = 12</u>
d. <u>compounded continuously</u>
You have to distribute the parentheses first. Since there is a negative sign in front of the parentheses, it counts as a negative 1. After you distribute you should get: -5+6x=20x+12, but that is not your final answer. After you add like terms: 17x=-17. Divide 17 on both sides: x=-1. X=-1 is your final answer.
4 because 1/4 is basically dividing by 4