Find the amount to which $2,500 will grow if interest of 6.75% is compounded quarterly for 10 years.

Find the amount to which $2,500 will grow if interest of 6.75% is compounded daily for 10
years.

Part a

For this case n = 4. If we use the future value formula we got:

Part b

For this case n = 365. If we use the future value formula we got:

Step-by-step explanation:

We can use the future vaue formula for compound interest given by:

Where P represent the present value, r=0.0675 , n is the number of times that the interest is compounded in a year and t the number of years.

Part a

For this case n = 4. If we use the future value formula we got:

Part b

For this case n = 365. If we use the future value formula we got:

i'm not entirely sure

step-by-step explanation:

if you ask home depot or lowe's they might be able to you out

twenty-six miles over two gallons because the proportion for the original 13 miles to one gallon would be written 13/1 and, doing the same thing to the top and bottom, i multiplied by 2 and got 26/2