Answer:
The smallest amount is 
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
solve for P
Round to the nearest pound she can invest
The smallest amount is
We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:
The effective annual yield (EAY) will be:
The EAY is 101.22%
Answer:
when you have something like f(x)=... that means
f means function
and every time you see an x or the variable in the parenthesis you plug in for that so it's f(x) =3x+1 then f(2)= 3x+1 every time you see x you plug in 2
Answer:
A
Step-by-step explanation:
given the sequence above using using two as a first term the only formula fits the sequence above is A
