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wolverine [178]
3 years ago
6

PLEASEEEEEEEEEEEEEEEE

Mathematics
2 answers:
tatyana61 [14]3 years ago
6 0

Answer:

11.3353

Step-by-step explanation:

please mark me brainliest.

I am begging

telo118 [61]3 years ago
5 0

11.3353

the answer is 11.3353

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Joshua invested $750 in an account paying an interest rate of
Maslowich
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:
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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
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FV= 750*(1.0285^18)
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Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
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2 years ago
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Step-by-step explanation:

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