answer:
a.
explanation:
im sure its a.
hope this helped <3 also if wouldn't mind could you pls give me brainliest? (im trying to level up) thanks! :)
Answer:
Yes, his answer is reasonable if he is very young.
Explanation:
If he is at a very young age then his answer would be yes reasonable, but seeing as he calculated this on his own, most likely not.
a. $9452.54
c. $12,328.91
b. $11,025.45
d. $10,094.57
Answer:
He invest $10101.01.
Step-by-step explanation:
Given : Mark knows that he will need to buy a new car in 5 years. The car will cost $15,000 by then.
To find : How much should he invest now at 8%, compounded quarterly, so that he will have enough to buy a new car?
Solution :
Using compound interest formula,
Where, A is the amount A=$15000
P is the principle P=?
r is the rate r=8%=0.08
t is the time t= 5 years
Substitute the value,
Therefore, He invest $10101.01.
Answer:
d
Step-by-step explanation:
x - initial investment
8% - annual rate
x·=15,000,
so x = 10094.54
ANSWER: $10,094.57