Answer:
The formula is F = P(1 + interest percent)^n
Here,
p =8000 dollar
interest percent =5.5% = (5.5/12)/100 =0.004583 (compounded monthly)
n =7 x 12 =84 (compounded monthly)
=> Mark's account balance after 7 years
F = 8000*(1+0.004583)^84 =11746.2503 dollar
Answer:
![x^{\frac{5}{6}}/x^{\frac{1}{6}} = \sqrt[3]{x^2}](https://tex.z-dn.net/?f=x%5E%7B%5Cfrac%7B5%7D%7B6%7D%7D%2Fx%5E%7B%5Cfrac%7B1%7D%7B6%7D%7D%20%3D%20%5Csqrt%5B3%5D%7Bx%5E2%7D)
Step-by-step explanation:
Given
Required
Rewrite in simplest radical form
Using laws of indices:
This implies that
Solve Exponents
Simplify exponent to lowest fraction
Using laws of indices:
![a^{\frac{m}{n}} = \sqrt[n]{a^m}](https://tex.z-dn.net/?f=a%5E%7B%5Cfrac%7Bm%7D%7Bn%7D%7D%20%3D%20%5Csqrt%5Bn%5D%7Ba%5Em%7D)
This implies that
This is as far as the expression can be simplified
Answer:
Money Market Instruments
Step-by-step explanation:
Money market instruments can be defined as a form of securities that help to provide businesses, banks as well as the government with large sum of amounts of low-cost capital for a short period of time because the financial markets tend to meet longer-term cash needs while Businesses tend to need short-term cash due to the fact that payments for goods and services sold might take months which is ‘Money Market’ are often been used to help to define a market where short-term financial assets are traded because they aim to increase the financial liquidity of a businesses company's or organization's.
The best recommendation to the customer is to invest the $100,000 in: MONEY MARKET INSTRUMENTS
Answer: a. The unit for the numerator is Dollars
b. The unit for the denominator is seconds.
