Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
Answer:
No mode
Step-by-step explanation:
The mode is the statistical method in which the most repetitive number should be considered
Like if we take an example
1,1, 2, 2, 2, 4, 4,4,4
So here the mode is 4 as 4 is repeated 4 times
But in the given situation there is no mode as every number is written single time
The answer to the question is -1,-1
Answer: the answer is 40 degrees
Step-by-step explanation: could I please have brainliest?
