Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
Answer:
I'm not sure about the factors, but it's reflected over the x axis if they helps narrow it down
3 1/4 = 3.25
-2 2/3 = -2.6667
3.25 + (- 2.6667)
= 3.25 - 2.6667
= ~0.58
therefore best estimate is 0
The answer is 25.83333333
Hope this helps!
Answer:
b
Step-by-step explanation:
