25% = 0.25 = 25/100 = 1/4 in simplest form
Remembering PEMDAS we solve like this
5•6=30 6÷2=3 30-3=27
27 is answer. it is easy, just replace the letter with the number and solve it
Answer:
Negative.
Step-by-step explanation:
A negative exponent. For example, 0.025 in scientific notation is 2.5*10^-2.
Given:
quarterly deposits of 2,000
8 percent compounded quarterly ⇒ 2% per quarter
4 quarters in 15 years = 60 quarters
Future Value = (1 + r) x P [{(1+r)^n - 1} / r]
FV = (1 + 0.02) x 2,000 [{(1 + 0.02)⁶⁰ - 1} / 0.02]
FV = 232, 665.14 Choice B.