Question

Please help me with the following two questions. Thanks in advance!

Answer 1

Explanation:

1.

`P=3800(1-0.018)^6\\=3800(0.982)^6\\\approx 3407.63\\\approx 3408`

2.

A=35,000(1+0.03/4)^{6*4}

=35,000(1.0075)^{24}

\approx41,874.473

\approx 41,874.47