(x^m) times (x^n)=x^(m+n)
(1/8)^5 times (1/8)^3=(1/8)^(5+3)=(1/8)^8=1/(8^8)
Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Answer:
Can you write the question clearly
I am a bit confused
15 goes into 18 once with 3 remainder.
18/15-15/15=3/15=1/5
So the answer is:
