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11111nata11111 [884]
3 years ago
9

How many terms would you distribute the factor 4

Mathematics
1 answer:
Mekhanik [1.2K]3 years ago
8 0

Answer:

Factors       Multiples

1, 2, 4    4      16

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1,030 at 4% compounded semiannually for 2 years
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Answer: $1114.91

Step-by-step explanation:

The formula for compound interest is

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Where

A = final amount

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r = interest rate (0.04 for this)

n = number of times interest applied per time period (2 for this)

t = number of time periods elapsed (2 for this)

A= 1030(1+\frac{.04}{2})^{(2)(2)}  \\\\A= 1030(1+0.02)^{4} \\A=1030(1.02)^4\\A=1114.905125

This rounds up to $1114.91

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