Answer:
$38,562.5
Step-by-step explanation
Using the compound interest formula
A = P(1+r/n)^nt
P is the principal = $125,000
r is the rate = 6% = 0.06
time t = 5years
n = 0.25 (quarterly payment)
Substitute
A = 125000(1+0.06/0.25)^5(0.25)
A = 125000(1+ 0.24)^1.25
A = 125000(1.24)^1.25
A = 125000(1.3085)
A = 163,562.5
Hence the interest earned = 163,562.5 - 125000
interest earned = $38,562.5
Answer:
1
Step-by-step explanation:
15,580.84 rounded to the nearest 10 thousand is 20,000
Answer:
f(x) 3x 10
Step-by-step explanation:
x = the number
the function = Three time a number plus 10.
f(x) = 3x + 10
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