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nekit [7.7K]
2 years ago
5

Help please- Annuities - Find Time of Investment Algebra Two

Mathematics
1 answer:
suter [353]2 years ago
5 0

Based on the calculation below, the number of years it would be for Mia to have $34,000 is 29.1 years.

<h3>How do we find the period or time of investment?</h3>

The formula in the question is the formula for calculating the future value of an ordinary annuity and it can be rewritten as follows:

A = d((((1 + i)^n) – 1) / i) …………………………… (1)

Where:

A = $34,000

d = $850

i = 0.4% * number of months in a year = 0.4% * 12 = 4.8% = 0.048

n = number of years?

Substitute all the values into equation (1) and solve for n, we have:

$34,000 = $850((((1 + 0.048)^n) - 1) / 0.048)

$34,000 / $850 = (((1 + 0.048)^n) - 1) / 0.048

40 = (((1 + 0.048)^n) - 1) / 0.048

40 * 0.048 = ((1 + 0.048)^n) – 1

1.92 + 2 = (1 + 0.048)^n

3.92 = 1.048^n

Taking the log of both sides, we have:

Log3.92 = nlog1.048

0.593286067020457 = n 0.0203612826477079

n = 0.593286067020457 / 0.0203612826477079

n = 29.1379515370189

Rounding to the nearest of a year, we have:

n = 29.1

Learn more about the future value of an ordinary annuity here: brainly.com/question/17925440.

#SPJ1

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Step-by-step explanation:

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3 years ago
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morpeh [17]

Answer:

distance island dock to Dock A = 4.99 km

distance island dock to Dock K = 6.35 km

Step-by-step explanation:

Always make a scetch to visualize the situation.

You need to construct two triangle both with a streight angle, so you can use Pythagoras to calculate the unknown distances between the island dock L, and each of the other two docks A an K.

I chose to introduce an extra letter, the letter C. In total you have the letters A K L and the letter C.

The letter C has a streight angle of 90° between ACL and it has the same streight angle of 90° with KCL. It is crucial that you see that the distance of LC is exactly the same in triangle LAC and that LC has exactly the same distance in the other triangleLKC.

The distance between AK = 2.3 km.

I define the distance between K and point C as 2.3 + x, because the distance x is unknown.

KC = 2.3 + x

Further more, when you make a picture, you can see that the distance between A and point C = x.

From such a picture, it would show clearly, that K is further away in respect to L then point A. From the picture it would be clear that the angle of LKC is smaller then the angle of LAC, so LKC = 45° and LAC = 64°.

Because angle LKC = 45° and we choose C to have an angle of 90°, the TRIANGLE LKC must be a special triangle... In any triangle, the sum of the three angles together, must add up to 180° .

If that is true, then we have 45 + 90 + 45 (because that adds up to 180). Now that means triangle LKC must have two equal sides (because of the same angels of 45° ).

So we know the distance KC = LC and we already defined KC = 2.3 + x.

Now we know enough to solve the problem.

AK = 2.3 km

angle of LKC = 45°

angle of LAC = 64°

AC = x

KC = 2.3 + x

LC = KC

LC = 2.3 + x

Try to calculate the distance x by using tan. After that you can use Pythagoras to find the other distances.

tan(LKC) = ( LC ) / ( KC )

tan(LKC) = ( x+2.3 ) / ( x+2.3 )

That is not helpful. Let's try the other triangle...

tan(LAC) = LC / AC

tan(LAC) = ( x+2.3 ) / x

tan(64) = ( x+2.3 ) / x

Solve the equation which means you try to find the value for x.

x * tan(64) = ( x+2.3 )

tan(64) * x -x = 2.3

tan(64) * x - 1* x = 2.3

Try to get x outside of the braquets...

x* ( tan(64) - 1 ) = 2.3

x* (2.0503038415793 - 1 ) = 2.3

1.0503038415793 * x = 2.3

x = 2.3 / 1.0503038415793

x = 2.19

Now use Pythagoras a² + b² = c² in triangle LAC to find distance LA.

LA² = AC² + LC²

AC = x = 2.19

LC = 2.3 + x = 4.39

LA² = 2.19² + 4.39²

LA = SQRT( 4.79 + 20.16 )

LA = SQRT( 24.95 )

LA = 4.99 km

Now use Pythagoras a² + b² = c² in triangle LKC to find distance LK.

LK² = KC² + LC²

KC = 2.3 + x = 4.39

LC = 2.3 + x = 4.39

LK² = 4.39² + 4.39²

LK = SQRT( 20.16 + 20.16 )

LK = SQRT( 40.32 )

LK = 6.35 km

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3 years ago
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Area=√(3600)

Area of =60

4 0
4 years ago
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