Answer:
56,691.00 which would be 21 payments at 4.1 % compounded quarterly.
84 months in 7 years
÷ 4
= 21
21
×4.1 =
26,691 +
31,000 =
56,691
Answer:
If the time passed is only 3 months, then it is $2040
Step-by-step explanation:
We can use the quarterly compounded interest equation for this problem: P(1 + r/n)^nt
Step 1: Find out how much 3 months is in a year
<em>In this case, 3/12 which is 1/4</em>
Step 2: Plug in known variables into equation
2000[1 + (0.08)/4)]^[(4)(1/4)]
Step 3: Solve/Plug in calc
You will get $2040
If the time passed in the problem is 1 year, then we can be able to solve how much money he earned per quarter. However, since only 3 months have elapsed, then he has only earned $2040.
Answer:
d=8km
Step-by-step explanation:
explanation is in the image above
A different size but not does not change shape.