In order to calculate the minimum amount required, we will first round
the below-minimum-balance fee to $10. Next, we will use the equation:
A = I * (IR)^n, where A is the amount after n years and I is the initial investment and IR is the interest rate per year.
10 = I*(0.0001)^1
I = $100,000
$100,000 must be in the account to cover the minimum fees.
Answer:
<em><u>d = 8</u></em>
Step-by-step explanation:
2(d -6) - 3 = 1
+3 +3
2(d-6) = 4
/2 /2
(d-6) = 2
+6 +6
(d) = 8
<u><em>d = 8</em></u>
x+7
——— is the simplified version
3
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