Answer:
I believe it is 384, but I am not positive.
Step-by-step explanation:
Hope this helps, have a great day!
28.26 is closest to 28 so you round 28.26 to 28, not 29.
Answer:
$2355.06
Step-by-step explanation:
Use the compound interest formula, filling in the numbers you know. Then solve for the number you don't know.
A = P(1 +r/n)^(nt)
where A is the account balance, P is the amount invested, r is the annual rate, n is the number of times per year interest is compounded, and t is the number of years.
Filling in the given values, we have ...
4000 = P(1 +.053/52)^(52·10) = P(1.6984738)
P = 4000/1.6984738 ≈ 2355.06
You would need to deposit $2355.06 in order to have $4000 in 10 years.
Answer:
I'm hoping the answer should be D. 9 units.
