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kenleighbrooke67
28.10.2020 •
Mathematics
Can image 1 be the reflected figure from question 1? Explain your answer.
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Ответ:
no
Step-by-step explanation:
Ответ:
depositing $350 as the principle amount, with an interest of 6% compounded monthly results in more money after 2 years
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
$350 x ( 1 + 0.04/4)^(4 x2) = $379
$350 x (1 + 0.06/12)^(12 x2) = $394.51