Answer: its not showing up
Step-by-step explanation:
.764 in percentage form is 76.4%
Answer:
Amount invested at 7% = 16000
Amount invested at 9% = 12000
Step-by-step explanation:
Let x be the amount invested at 7% and y be the amount invested at 9%.
Since the total amount invested is $28000, therefore, we can set up the first equation as:

Secondly, we are give that sum of two investments is $2200. Therefore, we can write the second equation as:

Now we need to solve these two equations to get the values of x and y.
First of all, we multiply the second equation with 100 in order to get rid of decimal values.

Let us use substitution method here. First of all we will solve for y from first equation and plug that into second equation.


Therefore, amount invested at 7% is $16000 and amount invested at 9% is 28000-16000=$12000.
To solve this we are going to use the future value of annuity ordinary formula:
![FV=P[ \frac{(1+ \frac{r}{n} )^{kt} -1}{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=FV%3DP%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%5E%7Bkt%7D%20-1%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
where

is the future value

is the periodic payment

is the interest rate in decimal form

is the number of times the interest is compounded per year

is the number of payments per year

is the number of years
We know for our problem that

and

. To convert the interest rate to decimal form, we are going to divide the rate by 100%:

Since the deposit is made semiannually, it is made 2 times per year, so

.
Since the type of the annuity is ordinary, payments are made at the end of each period, and we know that we have 2 periods, so

.
Lets replace the values in our formula:
![FV=P[ \frac{(1+ \frac{r}{n} )^{kt} -1}{ \frac{r}{n} } ]](https://tex.z-dn.net/?f=FV%3DP%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bn%7D%20%29%5E%7Bkt%7D%20-1%7D%7B%20%5Cfrac%7Br%7D%7Bn%7D%20%7D%20%5D)
![FV=6200[ \frac{(1+ \frac{0.06}{2} )^{(2)(5)} -1}{ \frac{0.06}{2} } ]](https://tex.z-dn.net/?f=FV%3D6200%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7B0.06%7D%7B2%7D%20%29%5E%7B%282%29%285%29%7D%20-1%7D%7B%20%5Cfrac%7B0.06%7D%7B2%7D%20%7D%20%5D)
We can conclude that the correct answer is <span>
$71,076.06</span>