Answer:
$113.08
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
14,000(1.12)^2 = 17,561.60
14,000 ( 1 + 0.12/2)^(2x2) = 17674.68
Difference : 17674.68 - 17,561.60 = $113.08
=5.68×10^5
6 dimes, 26 nickels
The number of nickels is N, and the number of dimes is D.
N + D = 32
5N + 10D = 190
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N + 2D = 38
D = 6
N = 26