Answer:
A home costing $540,000 is worth $588,000 two years later. What is the one-year appreciation rate? 4.4% is the answer
Step-by-step explanation:
Answer:
x is greater than -4
Step-by-step explanation:
divide both sides by 3
Answer:
Please check the explanation.
Step-by-step explanation:
To find the amount we use the formula:

Here:
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
Given
P=$2000
r=4.5%
n=4
t = 5 years
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<u><em>Calculating compounded quarterly
</em></u>
After plugging in the values




Thus, If you deposit $2000 into an account paying 4.5% annual interest compounded quarterly, you will have $2501.50 after five years.
<u><em>Calculating compounded semi-annually</em></u>
n = 2




Thus, If you deposit $2000 into an account paying 4.5% annual interest compounded semi-annually, you will have $2,498.41 after five years.
To find the answer, just divide 77 by 6. This gets you 12.83. (simplified) 12.83 is also your answer. I hope this helps!