20000*0.45 = 9000 in the bond
20000*0.15 = 3000 in the CD
20000*0.20 = 4000 in stocks
20000*0.029 = 580 in savings
A=9000(1 + 4.35%)^3 = 10,226.33
A=3000(1 + 2.90%)^3 = 3,268.64
A=4000 (1 + 8%) x (1 - 4%) x (1 + 6%) = 4,396.03
A=580(1 + 4.35%)^3 = 4,545.04
Total value = 22,436.04
Gain = 22,436.04 - 20,000 = 2,436.04
If you divide each number by the previous one, you get:
-86 / -172 = 1/2
-43 / -86 = 1/2
-21.5 / -43 = 1/2
The common ratio is 1/2 = 0.5
Answer:
Pierre has enough boards and nails to make 9 tables and 5 chairs.
Step-by-step explanation:
