Answer:
11 years.
Step-by-step explanation:
Given that Carter invested $ 16,000 in an account paying an interest rate of 5.6% compounded monthly, to determine, assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $ 29,600, the following calculation must be performed:
16,000 x (1 + 0.056 / 12) ^ Yx12 = 29,600
Y = 11
16,000 x 1.4666 ^ 132 = X
29,581.70 = X
Thus, rounded to the nearest year, it would take 11 years for the account to reach $ 29,600.
A percentage is a number out of 100. So, 17.5% is really 17.5/100, or 0.175.
To find 17.5% of 1500, you multiply 1500 by 0.175
1500 x 0.175 = 262.5.
The commission is $262.50.
Answer:
C. Mutual Funds
Step-by-step explanation:
If you look it up, Mutual Funds seem to have more secrets and fees than other funds.
Have a nice day <3
It would be 13 becsue 12.5 time 2 = 25 so round that it = 13
The y-intercept, in this case, represents when x is at 0, or when she just began observing.
