Base on my calculations, the answer is not in the choices given. First, we have to acknowledge that the interest rate given is not the effective interest rate instead it is called the nominal interest rate therefore we have to convert it first to an effective interest rate. We use the following formula:
Effective Interest rate = [[1 + (r/m)]^m] - 1 where r is the nominal interest rate and m is the number of compounding times
For this case, m is equal to 2 since it is compounded semianually.
Effective Interest rate = [[1 + (.12/2)]^2] - 1 = .1236
We then use the calculated effective interest rate to the formula for the Compound Interest Rate Formula.
Future Value = Present Value (1 + Effective interest rate)^(no. of years)Future Value = 3000 (1 + .1236)^( 3) = 4255.56 dollars
It’s Negative below the lines the touching points do not meet
Answer:
-63
Step-by-step explanation:
9 - (2×3) × 12
9 - (6 × 12)
9 - 72
= -63
Answer:
Dot product. ... In Euclidean geometry, the dot product of the Cartesian coordinates of two vectors is widely used and often called "the" inner product (or rarely projection product) of Euclidean space even though it is not the only inner product that can be defined on Euclidean space; see also inner product space.
Step-by-step explanation:
Answer:
the answer is 75
Step-by-step explanation:
225 ÷ 3
75
