Because there are four people on the committee, and four positions, you would do 4 times 4 which gets you an answer of 16. hope this helps!!
Let's move like a crab, backwards some.
after 2 years?
after 3 years?
is that enough to pay the $1100?
now, let's write 1000(1+r)² in standard form
1000( 1² + 2r + r²)
1000(1 + 2r + r²)
1000 + 2000r + 1000r²
1000r² + 2000r + 1000 <---- standard form.
Answer:
The amount received after 5 years is 1827.39
Step-by-step explanation:
The amount received by Bridget from his grandfather as the birthday gift = 1400
.
Since he wants to deposit it and save for college, he earns interest rate = 5.4%
He deposited this money for the years = 5 years.
Here, the Present value (PV) is = 1400
Interest rate ( r ) = 5.4% or 0.054
Since the interest rate is compounded semi annually, So, n = 10
Now if we calculate the future value of 1400 with interest rate 5.4 percent:
Therefore, 1827.39 will be the total money in his account after five years.