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hodyreva [135]
3 years ago
14

How much would $200 invested at 6% interest compounded annually be worth after 5 years? Round your answer to the nearest cent. D

o not include units in your answer.
Mathematics
1 answer:
BartSMP [9]3 years ago
4 0
The answer is 267.65

A = P(1 + r/n)ⁿˣ
A - the future value
P - the principal
r - the annual rate
n - the number of compoundings per year
x - the period of time

We know:
A = ?
P = $200
r = 6% = 6%/100% = 0.06
n = 1 (annualy means once per year)
x = 5

A = P(1 + r/n)ⁿˣ
A = 200 * (1 + 0.06/1)¹*⁵
A = 200 * (1 + 0.06)⁵
A = 200 * (1.06)⁵
A = 267.65
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Answer:

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3 years ago
Hree people play a game in which one person loses and two people win each round. The loser must pay each winner the amount that
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Answer:

$7 ; $4 ; $3

Step-by-step explanation:

Given that:

1 player loses and 2 wins

Loser pays each winner amount each winner already has

3 rounds was played

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Since each player lost 1 round each, then each player won twice.

Given that the players are A, B and C

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Recall; they all have $8 after the last round.

If A lost the last round and pays B and C the amount they already have.

B and C finally have $8, Hence amount A paid B and C = 8/2 = $4 each

Hence, at the end of 2nd round / before last round :

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End of first round before 2nd round of game:

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A = $8

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