I think it’s B or A But I’m not sure
According to the data of December 2017, the most poorest countries in the world are in Africa (Guinea, Somali, Mozambique, Burundi, Malawi, Liberia, Central African Republic, Niger), the most poorest is Central African Republic.
Its economic basically is dependent on diamonds export, the most of the diamonds is soled on the 'black' market, which allow to pass the taxes of government...
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
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