Find the number in the tenth place
8
8
and look one place to the right for the rounding digit
7
7
. Round up if this number is greater than or equal to
5
5
and round down if it is less than
5
5
.
7.9
It is the last one have a great day!
Answer:
The amount in 20 years is $6,050.24
Step-by-step explanation:
Given the following information:
Principal (Present Value, or PV)= $3,100
Interest rate ( <em>r </em>)= 3.4% or 0.034
Number of compounding period (<em>n </em>)= 1 (annually)
Number of years ( <em>t </em>)= 20
We can use the Future Value formula to find out the value of $3,100 in 20 years:



FV = 3100(1.95169)
FV = $6,050.24
Therefore, the future value of the amount deposited is $6,050.24
The scientific notation for 5390000000000 = 5.39 x 10^12