You believe in the power of compounding and decide to save $1 per day by avoiding the purchase of a soda. You deposit the $1 at
1 answer:
Answer:
option (c) $18,032
Step-by-step explanation:
Data provided in the question;
Amount deposited at the end of each day = $1
Interest paid = 8% compounded daily = 0.08
Daily interest rate = = 0.000219
Duration = 20 years = 20 × 365 days = 7300 days
Now,
the Future value is given as:
Future value = Part payment ×
here, r is the interest rate
n is the duration
thus,
Future value = $1 ×
or
Future value = $18033.56 ≈ $18,032
Hence, the correct answer is option (c) $18,032
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It depends on how b approaches 0
If b is positive and gets closer to zero, then we say b is approaching 0 from the right, or from the positive side. Let's say a = 1. The equation a/b turns into 1/b. Looking at a table of values, 1/b will steadily increase without bound as positive b values get closer to 0.
On the other side, if b is negative and gets closer to zero, then 1/b will be negative and those negative values will decrease without bound. So 1/b approaches negative infinity if we approach 0 on the left (or negative) side.
The graph of y = 1/x shows this. See the diagram below. Note the vertical asymptote at x = 0. The portion to the right of it has the curve go upward to positive infinity as x approaches 0. The curve to the left goes down to negative infinity as x approaches 0.
Answer:
491400
Step-by-step explanation:
Given : A club has 28 members.
To Find : . How many ways are there to choose four members of the club to serve on an executive committee?
Solution:
We are supposed to choose four members of the club out of 28.
So, we will use combination
Formula :
n = 28
r = 4
Substitute the values :
Hence there are 491400 ways o choose four members of the club to serve on an executive committee