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giulianna41
28.01.2021 •
Mathematics
What is the answer to question 4 written as an ordered pair?
$42.50, 30)
(36.25, 30)
(30, $42.50)
(30, $36.25)
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Ответ:
where "n" is the number of compounding periods per year (in this case it is 365)
Total = 97,000 * (1.0002123288)^365*4
Total = 97,000 * (1.0002123288)^1,460
=132,247.89
Source: Compound Interest Formulas:
http://www.1728.org/compint3.htm