Daniel invests $2,037 in a retirement account with a fixed annual interest rate of 6% compounded 6 times per year. What will the account balance be after 16 years?

Step-by-step explanation:

GIVEN: Daniel invests in a retirement account with a fixed annual interest rate of compounded times per year.

TO FIND: What will the account balance be after years

SOLUTION:

Amount invested by Daniel

Annual interest rate      

Total amount generated by compound interest is  

Here Principle amount

rate of interest

number of times compounding done in a year

total duration of time

putting values we get

=

Hence the total balance after will be

15

step-by-step explanation:

we are given the following expression and we are to solve it and find the product:

-13 × (-5)

solving the given expression in the standard order of solving a mathematical expression, beginning with the opening of brackets and then multiplying the terms and changing their signs.

-3 × -5 = 15 (answer is positive because when negative is multiplied with negative, it gives a positive answer)