Answer:
Account Balance = Principal x (1 + interest rate (decimal)) number of years, compounded annually.
Step-by-step explanation:
This is based on the information provided: 2121.80 (1.03)2 = 2000 So, on your initial deposit of 2000, you can collect 121.80 in interest after two years.
Answer:
B. -1/3
Step-by-step explanation:
replace <em>x</em> with 34 and solve it.
Given the formula for future value annuity:
FV of annuity=P[(1+r)^n-1]/r
where:
P=principle
r=rate
n=time
the time taken to repay the loan will be:
1500=90[(1+0.06)^n-1]/0.06
90=90[(1+0.06)^n-1]
1=(1+0.06)^n-1
1+1=(1+0.06)^n
2=1.06^n
introduce natural log
ln2=nln1.06
n=ln2/ln1.06
n=11.8957=12 years
the answer is 12 years.
Answer:
0.24 + 0.32 =0.56
Step-by-step explanation:
Is this what you needed?
Answer:
You didnt include the graph oop
Step-by-step explanation:
