5% compounded 6 times per year. What will
the account balance be after 20 years?
A) $16,031.88 B) $17,704.05
C) $15,329.01 D) $16,844.10
Answer:
B) $17,704.05
Step-by-step explanation:
20 years later is a time in the future so you use Future value formula;
FV = PV* (1+r)^t
where PV= Amount invested in the present = $6,540
r= discount rate = (5% / 6) = 0.833% or 0.00833
t= total duration = 20 *6 = 120
Next, plug in the numbers into the formula;
=6,540* (1+0.00833)^120
=6,540 * 2.707041491
= 17,704.05
Answer:
C has the highest range..
Therefore the answer is C. 49, 17, 4, 18....
Step-by-step explanation:
We have given 4 data sets:
Notice that the mean of all the data set is 88
Now to find that which data set is the most spread from its mean we have to find the Range of each set.
We can find the range by subtracting lowest value from the highest value of the data set
Range of set A = Highest value - Lowest value
Highest value of set A is 36
Lowest value of set A is 6
Therefore,
Range of set A = 36-6
Range of set A = 30
Range of set B = Highest value - Lowest value
Highest value of set B is 30
Lowest value of set B is 15
Therefore,
Range of set B = 30-15
Range of set B = 15
Range of set C = Highest value - Lowest value
Highest value of set C is 49
Lowest value of set C is 4
Therefore,
Range of set C = 49-4
Range of set C = 45
Range of set D = Highest value - Lowest value
Highest value of set D is 30
Lowest value of set D is 14
Therefore,
Range of set D = 30-14
Range of set D = 16
Hence C has the highest range..
Therefore the answer is C. 49, 17, 4, 18....
Answer:
C is the answer
Step-by-step explanation:
I just took the test on E2020