Answer:
A) 159.135 = X
B) 2,531.25 = X
C) 6,187.5 = X
D) 831,947.46 = X
Step-by-step explanation:
The following investments are required to be calculated:
A) $ 150 at 3% interest for 2 years
B) $ 750.00 at 1/2% interest for 3 years
C) $ 2,250.00 at 1 3/4% interest for 1 year
D) $ 2,550.00 at 3 1/4 interest for 4 years
Therefore, the following calculations must be performed:
A)
150 x (1 + 0.03) ^ 2 = X
150 x 1.03 ^ 2 = X
159.135 = X
B)
750 x (1 + 0.5) ^ 3 = X
750 x 1.5 ^ 3 = X
2,531.25 = X
C)
2,250 x (1 + 1.75) = X
2,250 x 2.75 = X
6,187.5 = X
D)
2,550 x (1 + 3.25) ^ 4 = X
2,550 x 4.25 ^ 4 = X
831,947.46 = X
