We can use the compound interest formula
F=P(1+i)^n
where
F=Future value of investment to be found
P=present value of investment ($1000)
i=interest per period (1/4 year)=0.04/4=0.01
n=number of periods (3 years * 4 quarters = 12)
Substitute or "Plug in" values, so to speak,
F=1000*(1+0.01)^12
use a calculator to do the sum
=1126.83 (to the nearest cent, and use the proper rounding rules)
I wish i could but i cant see it
16.06 divided by 22 = 0.73 so the answer would be 73 cents? Sorry im from the UK and don't know about dollars/cents
The illustration of the given mathematical elements is as in the attached images.
<h3>Illustration of mathematical elements</h3>
For line segments;
- The beginning and end of the line are specified by the assigned alphabets.
However, for rays;
- The ray is illustrated to originate from a point and span on from there till infinity.
For angles;
- The alphabet in the middle of the set of 3 alphabets used to identify the angle represents the center point of where the angle is located.
Read more on illustration of mathematical elements;
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