5. Steven invests $18,100 at 13.6% compounded quarterly for 10 years. How much will it be worth in the end?

$68944.57

Step-by-step explanation:

A= P(1+R/4*100)^4n

A= 18100(1+13.6/400)^40

A= 18100(413.6/400)^40

A= 18100(1.034)^40

A= 18100*3.8090927729548

A= 68944.579190483

= $68944.57

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation: