First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
Answer:
it's 96ft squared hope it helps
Answer:
Equation: 3x - 11 = 85
Solution: x = 32
Step-by-step explanation:
3x - 11 = 85
You will have to do the opposite to the equation shown on the screen.
3x = 96 (85 + 11)
x = 32 (96 / 3)
but where is ur question ??????
