Let's begin by listing out the information given to us:
Principal (p) = $20,000
Interest rate (r) = 5.2% = 0.052
Number of compounding (n) = 2 (semi annually)
Time (t) = 3 years
The total return is calculated as shown below:
A = p(1 + r/n)^nt
A = 20000(1 + 0.052/2)^2*3 = 20000(1 + 0.026)^6
A = 20000(1.1665) = 23,330
A = $23,330
Answer: That seems right. Maybe you didn't simplify. Then, it would be 8/11.
Step-by-step explanation:
Answer:
17
Step-by-step explanation:
The computation of the number of elements are in (A ∩ B) is shown below;
Given that
Set A contains 35 elements
And, set B contains 22 elements
Now if there are 40 elements in (A ∪ B)
So, the number of elements are in (A ∩ B) is
= 35 + 22 - 40
= 17
Answer:
150
Step-by-step explanation:
Since the value of the bond increases by 4% each year and only 1 year passed by then the ROI is not compounded and we only need to find the value before the 4% was implemented. In order to add 4% to a value we would multiply that value by 1.04 which increases that value by 4%. So, to find the value before the interest was added we would need to divide the new value by 1.04 instead.
$156 / 1.04 = $150
Finally, we can see that the value of the bond when Tyler's mom purchased it was 150
Answer:
Step-by-step explanation:
Use the coordinates of the given points to find the slope.
difference in y-coordinates = -3 - 6 = -9
difference in x-coordinates = 2 - (-1) = 3
slope = -9/3 = -3
