3
10.) 1 = $47.25, r = 3.5%, t = 1.5 years. What is the principal? *
36

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

the bolded word " farsighted" could be replaced with visionary.

8: 40

2 hours

10: 40

55 min

11: 35