How long will it take, compounding continuously at 2.5%, for Sally to have a balance of $1,250 if
she invests $1,000? Round answer to the nearest year.

It will only take 1 year

Step-by-step explanation:

By starting with 1000 after the first year you will multiply 1000 by 1.25% which gives you 1,250

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

1^3 + 2^3 + 3^3 +4^3 = (1+2+3+4)^2

step-by-step explanation:

i am only able to answer the first part. i am not sure about the second part. sorry