In mathematics, the statement if a, then b, says that if a is true, then be is true. If you think about it, this makes sense too. That means that the answer is C., because of the definition of the statement.
The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
The answer is $3,850 and have a very nice day
Answer:
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Step-by-step explanation:
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Step-by-step explanation:
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