shaffergabe10
26.02.2021 •
Mathematics
Find the slope of the following graph
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Ответ:
Ответ:
$38,562.5
Step-by-step explanation
Using the compound interest formula
A = P(1+r/n)^nt
P is the principal = $125,000
r is the rate = 6% = 0.06
time t = 5years
n = 0.25 (quarterly payment)
Substitute
A = 125000(1+0.06/0.25)^5(0.25)
A = 125000(1+ 0.24)^1.25
A = 125000(1.24)^1.25
A = 125000(1.3085)
A = 163,562.5
Hence the interest earned = 163,562.5 - 125000
interest earned = $38,562.5