Answer: $101,197
Explanation:
First find the periodic interest rate for 6 months because the rate is per year.
= 0.25% / 2
= 0.125%
There are 2 semi annual periods in a year so in 10 years:
= 2 * 10
= 20 periods
Use future value of annuity formula:
= Amount * ((1 + rate)^periods - 1) / rate
= 5,000 * (( 1 + 0.125%) ²⁰ - 1) / 0.125%
= $101,196.45
= $101,197
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C) The British navy had only 16 warships available for the conflict with the United States
Because Western European nations had turned to communism
Hi there!
Leadership is characterized by its highest positions actually having very little power.
THE MAJORITY LEADER usually the second ranking member of the majority party, is the party leader on the floor.
THE MINORITY LEADER heads and organizes the minority party. Because the party has less voting power than the majority party has, this person's influence is usually limited.
<u>Hope this helps!</u>
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<em>-WolfieWolfFromSketch</em>