Question

PLEASE HELP ANYONE JESUS CHRIST IVE BEEN ASKING FOR AN HOUR AND NO ONE ON HERE EVEN ACTUALLY HELPS SOMEONE PLS EXPLAIN YOUR ANSWER AND ACTUALLY HELP FOR ONCE

Answer 1

d) 127,000 members

Explanation:

A = Accrued Amount (principal + interest)

P = Principal Amount of members = 23,000 initial members

r = Annual Nominal Interest Rate as a decimal = .05

t = years left to increase (2020-1985 = ) 35 years

n = number of times amount compounds per time = 1 time/year

23,000 initial members( 1 + .05/1)^1*35

23,000*(1.05)^35 = 23,000*(5.516) = 126, 868 = around 127,000 members