Similar to question 1, now find the accumulated value of money using the appropriate formula: A = Pert or A = P(1+ If you invest $13,828 for 5 years at 0.055 interest rate compounded quarterly. Be sure to round your answer to the nearest cent and do NOT include a comma. Note: The interest rate is being given to you as a decimal (not a percent, so you do not need to change the format). While this problem will be done mostly on the calculator, still have your work show which formula you used and what values were plugged into the formula.

Q: for compound interest, the letters P, r, n and t stand for

A: The formula for compund interest A = P(1+ r/100n)nt

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A: Given, Principal = p = 18,000Rate of interest = r = 4.5%  compounded annually Amount = A  ≥24, 000…

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A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

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Q: in

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.