Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn
A = $5,000 (1.040417)
A =$5202.085
For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215
The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13
Answer:
The answer is 12
Step-by-step explanation:
i got it right
Answer:
138
Step-by-step explanation:
152+125=277
277-135=142
around 138
Answer: 43
Step-by-step explanation:
Answer:
n=2
Step-by-step explanation:
