Step-by-step explanation:
Given
Answer:
90
Step-by-step explanation:
The formula is
A=p (1+r/k)^kt
A future value?
P present value 10000
R interest rate 0.0625
K compounded monthly 12
T time 15 years
A=10,000×(1+0.0625÷12)^(12×15)
A=25,473.84
Answer:
No solution is posssible from the information provided
Step-by-step explanation:
No number line is shown