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Answer:
7.7142
Step-by-step explanation:
Answer:
40.2%
Step-by-step explanation:
(New-old)/old
(3750.25-2675.25)/2675.25=0.4018
0.4018×100= 40.2%
Answer:
d
Step-by-step explanation:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
a. 6000x (1 + 0.04/12)^24 = 6498.86
b. . 6000x (1 + 0.03/12)^36 =6564.31
c. . 6000x (1 + 0.01/12)^48 = 6244.76
d. . 6000x (1 + 0.05/12)^60 =6630.47
