Answer:
1,800
Step-by-step explanation:
1,819
----^
1 is less than five so you round down even if you round the 19 to 20 it would still be needed to round down because it is less than 50.
Hope this helps, have a good day! :)
(Brainliest would be appreciated?)
Answer:
$1,109.62
Step-by-step explanation:
Let's first compute the <em>future value FV.</em>
In order to see the rule of formation, let's see the value (in $) for the first few years
<u>End of year 0</u>
1,000
<u>End of year 1(capital + interest + new deposit)</u>
1,000*(1.09)+10
<u>End of year 2 (capital + interest + new deposit)</u>
(1,000*(1.09)+10)*1.09 +10 =

<u>End of year 3 (capital + interest + new deposit)</u>

and we can see that at the end of year 50, the future value is

The sum

is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to

and the future value is then

The <em>present value PV</em> is

rounded to the nearest hundredth.