deadman7628

01.10.2019 • 

Mathematics

Sally inherited $10,000 from her grandmother. she would like to invest her inheritance in a mutual fund through a local bank. one of the options the bank offers is a 3.5% interest bearing account, compounding quarterly. use the interest formulas to determine the amount of money she has after three years. use the formula for compounding interest: a = p

Ответ:

tytybruce2

04.01.2022

Mathematics

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Hi there
The formula is
A=p (1+r/k)^kn
A future value?
P present value 10000
R interest rate 0.035
K compounded quarterly 4
N time 3 years
So
A=10,000×(1+0.035÷4)^(4×3)
A=11,102.03

Hope it helps

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Ответ:

littylai5524

27.05.2020

Mathematics

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128 over 10 because this as a fraction is 12 and 8/10 so then times 12 by 10 and you get 120 then add 8 and then you get 128 and put it over 10

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