The final amount if $10 000 invested for 6 years at 4% compounded quarterly is $12,697
<h3>Compound interest</h3>
The formula for calculating the compound interest is given as:
A = P(1+r/n)^nt
Given the following parameters
A = 10000(1+0.04/4)^4(6)
A = 10000(1+0.01)^24
A = 10000(1.01)^24
A = 1.2697(10,000)
A = $12,697
Hence the final amount if $10 000 invested for 6 years at 4% compounded quarterly is $12,697
Learn more on compound interest here: brainly.com/question/24924853
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Answer: True
Step-by-step explanation:
I already took this part of the quiz and this was the right answer
Answer:
Step-by-step explanation:
7.5/100= .075
$580000 x .075 = $43,500 commission
Answer:
two real, unequal roots
Step-by-step explanation:
This is a quadratic equation. The quadratic formula can be used to determine how many and what kind of roots may exist:
Find the discriminant, which is defined as b^2 - 4ac, if ax^2 + bx + c = 0. In this case, a = 1, b = -2 and c = -8, so that the discriminant value is
(-2)^2 - 4(1)(-8), or 4 + 32 = 36.
Because the discriminant is real and positive, we know for certain that we have two real, unequal roots
