Use the compound interest formula.
A = P*(1 +r/n)^(n*t)
where P is the principal, r is the annual rate, n is the number of compoundings per year, and t is the number of years.
For the first investment, ...
A = 208,000*(1 +.08/4)^(4*5) = 309,077.06
For the second investment, ...
A = 218,000*(1 +.07/2)^(2*4) = 287,064.37
Totaling both investments at maturity, Megan has $596,141.43.
Answer:
x^2 + 1.1x + 0.28
Step-by-step explanation:
1: slope = 2/1 or 2
2: slope = 5/-5
3: slope = 3/2
4: slope = 7/-4
5: slope = 3/5
6: slope = 2/-8
7: slope = 6/2 or 3
8: slope = 2/-4
9: slope = 1/6