Your answer would be Y=-8x-9/10
Answer: No, figure A is not a scale copy of figure B.
Answer:
7+4
Step-by-step explanation:
Answer:
Use the explantion to answer your question
Step-by-step explanation:
Amount he paid for first 20 shares
= $25 + (20 x $10.51)
= $25 + $210.20
= $235.20
Amount he paid for next 20 shares
= $25 + (20 x $8.93)
= $25 + $178.60
= $203.60
Thus, total amount paid
= $235.20 + $203.60
= $438.80
The future value of the investment if the interest is compounded monthly is $89,354.89.
<h3>What is the future value of the investment?</h3>
Given that;
- Principal P = $20,000
- Annual interest rate r = 5% = 5/100 = 0.05
- Time t = 30 years
- Compound monthly = 12
- Future value = A = ?
Using the compound interest formula;
A = P( 1 + r/n )^(nt)
We plug in our values.
A = 20000( 1 + 0.05/12 )^(12 × 30)
A = 20000( 1 + 0.0041666666666667)^(360)
A = 20000( 1.0041666666666667)^(360)
A = 20000( 4.46774965 )
A = 89354.89
Therefore, the future value of the investment if the interest is compounded monthly is $89,354.89.
Learn more about compound interest here: brainly.com/question/21270833
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