Answer: $4,331
Step-by-step explanation:
I will assume that the question meant 5.2% not 52% as this is quite excessive.
Katherine after 13 years.
Convert the variables;
n = 13 years = 13 * 365 = 4,745 days
r = 5.2% = 5.2/365 = 5.2/365%
Future value = P * ( 1 + r)^n
= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵
= $169,068
Michael after 13 years;
If compounded continuously, the formula is;
Future value = Pe^rt
= 86,000 * e⁰.⁰⁵ ˣ ¹³
= $164,737
Difference = 169,068 - 164,737
= $4,331
Answer:
option D
Step-by-step explanation:
equation 2:
so we have:
Acute. Step-by-step explanation: Using the Triangle Inequality Theorem you know that the sum of the lengths of two sides of a triangle are greater than the length of the third side.
Answer:
Hey there!
Think of 45000 being split to 9 pieces.
Each piece would be 5000 dollars.
Thus, the ratio would be 20000 to 25000
Hope this helps :)
