Answer:
Yes
Yes
No
No
Top to bottom
Step-by-step explanation:
Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
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
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
Distributive Property
<u>Algebra I</u>
- Terms/Coefficients/Degrees
Step-by-step explanation:
<u>Step 1: Define</u>
<u />
<u />
<u />
<u>Step 2: Simplify</u>
- Distribute:
- Multiply:
- Rearrange:
- Combine like terms:
800,000. This is because the 8 is in the hundred thousandth spot. Because of this, the value of the 8 is eight hundred thousand.
