Answer: -4
Step-by-step explanation:
For this case we have the following equation:
P (t) = P (1 + r / n) ^ (n * t)
Where,
P: initial investment
r: interest
n: periods
t: time
she will take on her 45th birthday:
for t = 25:
P (25) = 1000 * (1 + 0.0165 / 4) ^ (4 * 25)
P (25) = 1509.31 $
Answer:
The future value of this investment when she takes her trip is:
P (25) = 1509.31 $
Answer:
5/6
Step-by-step explanation:
rise over run
50/60= 5/6
7/8 in decimal form is 0.875 because you are dividing 7 by 8
