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Maurinko [17]
3 years ago
5

You are scheduled to receive $16,000 in two years. when you receive it, you will invest it for eight more years at 9.25 percent

per year. how much will you have in ten years?
Mathematics
1 answer:
Lunna [17]3 years ago
8 0

I will have $32 470.69 in 10 yr.

I am not investing until 2 yr from now so, in 10 yr time, I will have invested for only 8 yr.

The formula for the future value (FV) of my investment is

FV = <em>C</em>(1 + <em>r</em>)^<em>n</em>

where <em>C</em> = my initial cash

<em>r</em> = the interest rate

<em>n</em> = the number of years

FV = $16 000(1.0925)^8 = $32 470.69

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Answer:

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Step-by-step explanation:

The Pythagorean theorem states that in every right triangle, the square of the length of the hypotenuse is equal to the sum of the squares of the respective lengths of the legs. It is the best-known proposition among those that have their own name in mathematics.

Pythagoras theorem

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If in a right triangle there are legs of length a and b the measure of the hypotenuse is c then the following relation is fulfilled:

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With a = 3 and b = 4

c=\sqrt{3^{2} +4^{2}} =\sqrt{9+16} =\sqrt{25} \\c=5

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