Solve the problem. Universal Bank lends $3,600,000 for 1 years at 6% compounded quarterly to Shining Shores Development Company to fund the building of a condominium complex. Find the value at the end of the  years.

A. $3,870,000.00
B. $3,878,222.40
C. $4,817,612.09
D. $3,871,995.41


Answer: B

Mathematics

You might also like to view...

Find the domain of the rational expression.f(x) = 

A.
B. {x|x is a real number and x ? 9}
C.
D. {x|x is a real number and x ? 0}

Mathematics

Graph the inequality.y ? -4

A.

B.

C.

D.  

Mathematics

Solve the system of equations using substitution.

A. x = 7, y = 0 or (7, 0) B. x = -6, y = 13; x = -7, y = 14 or (-6, 13), (-7, 14) C. x = 6, y = 1; x = 7, y = 0 or (6, 1), (7, 0) D. x = 6, y = 13; x = 7, y = 0 or (6, 13), (7, 0)

Mathematics

Use n = 4 to approximate the value of the integral by Simpson's rule.

A. 253.2 B. 236.7 C. 28.5 D. 256.8

Mathematics