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taurus [48]
3 years ago
6

Jacob would like to have $50,000 when he turns 40 (so he can throw a big party for all his former teachers!) he has about 35 yea

rs to invest his money. If he found an account that earns 4.5%intrist annually, how much must he invest NOW to have $50,000 for the party?
Mathematics
1 answer:
zepelin [54]3 years ago
3 0
Jacob must now invest $10,712,72 to have $50,000 for the party.
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Answer:

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Noting the squared term, it makes sense to substitute for that term:

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<em>Solutions derived from that substitution</em>

Factoring gives ...

  16z^2 -24z +2z -3 = 0

  8z(2z -3) +1(2z -3) = 0

  (8z +1)(2z -3) = 0

  z = -1/8  or  3/2

Then we can find x:

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  x^3 = -9/8 . . . . . subtract 1

  x = (-1/2)∛9 . . . . . one of the real solutions

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The complex solutions will be the two complex cube roots of -9/8 and the two complex cube roots of 1/2.

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