Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Answer:
that conclude idk
Step-by-step explanation:
-6U+-15+3.5U=-1U
-2.5U+15
Answer:
92.119
Step-by-step explanation:
0.84+91.279=92.119
Hope this helps!
Part A :
So the two sides are equivalent,

Solve for x and get 3.
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Answer : x = 3
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Part B :
To find JM, simply substitute x for 3 and solve,


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Answer : JM = 9
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I hope that helps you out!!
Any more questions, please feel free to ask me and I will gladly help you out!!
~Zoey