First you need to move that n over im fairly certain
Answer:
1 Cards = 36%
2 Cards = 28%
3 Cards = 24%
4 Cards = 12.5%
Step-by-step explanation:
Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Are we supposed to guess???
In the first 3 days, I think that Juanita will ride 12500? I'm not sure if that is right but I think it is.
