Answer. To verify that the decimals are lined up correctly, we must ensure that they are both lined up at the same point. The reason this is done is so that whole numbers will be subtracted from other whole numbers, not decimals.
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Answer: 2.5
Step-by-step explanation:
Answer:
$721.55
Step-by-step explanation:
658.95*1.095=721.55
We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model

The general formula for compound interest is given by

As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula

Therefore, the final amount is approximately $16,543.5