Answer:
No
Step-by-step explanation: The reason -6.0 isn't that same as 6 is because -6.0 is negative and 6 is positive
Answer:
1) future value = present value x [1 + (i x n)] = $300 x [1 + (3.5% x 4)] = $342
2) using the compound interest formula:
future value = $225 x (1 + 4.1%)¹°⁵ = $238.98
Using the simple interest formula doesn't yield the same answer = $225 x [1 + (4.1% x 1.5)] = $238.84. In this case it is close due to a very short period of time and low interest rate.
3) future value = present value x (1 + i)ⁿ = $1,700 x (1 + 6%)⁴ = $2,146.21
since the interest is annual, we must convert 48 months to 4 years
I'd think that the answer would be 0.15; are there any equations specified?
Answer:
175 + 30h
Step-by-step explanation:
Hope this helps
