Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Answer:
$10
Step-by-step explanation:
So the total amount of money needed is $110
And the bat is $100 more than the ball
So basically subtract $100 from $110
And you get $10 So the answer is $10
(x-21)/4
x is the number subtract 21 and divide by 4
Answer:
-6g + 36 = 12
36 = 12 + 6g
24 = 6g
4 = g
g = 4
Step-by-step explanation:
Answer:
A. 15/32 of the writing utensils are black pens