Answer:
The expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].
Step-by-step explanation:
The formula to compute the future value is:
![FV=PV[1+\frac{r}{100}]^{n}](https://tex.z-dn.net/?f=FV%3DPV%5B1%2B%5Cfrac%7Br%7D%7B100%7D%5D%5E%7Bn%7D)
PV = Present value
r = interest rate
n = number of periods.
It is provided that $5,000 were deposited now and $3,000 deposited after 6 years at 10% compound interest. The amount of time the money is invested for is 14 years.
The expression to compute the amount in the investment account after 14 years is,
![FV=5000[1+\frac{10}{100}]^{14}+3000[1+\frac{10}{100}]^{14-6}\\FV=5000[1+0.10]^{14}+3000[1+0.10]^{8}](https://tex.z-dn.net/?f=FV%3D5000%5B1%2B%5Cfrac%7B10%7D%7B100%7D%5D%5E%7B14%7D%2B3000%5B1%2B%5Cfrac%7B10%7D%7B100%7D%5D%5E%7B14-6%7D%5C%5CFV%3D5000%5B1%2B0.10%5D%5E%7B14%7D%2B3000%5B1%2B0.10%5D%5E%7B8%7D)
The future value is:
![FV=5000[1+0.10]^{14}+3000[1+0.10]^{8}\\=18987.50+6430.77\\=25418.27](https://tex.z-dn.net/?f=FV%3D5000%5B1%2B0.10%5D%5E%7B14%7D%2B3000%5B1%2B0.10%5D%5E%7B8%7D%5C%5C%3D18987.50%2B6430.77%5C%5C%3D25418.27)
Thus, the expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].
Answer:
6 miles
Step-by-step explanation:
After one hour the dog will have walked three miles after two hours the dog will have walked three more miles for a total of 6 miles.
You would rather flip the coin 500 times in the first game because over time the percentage should average out to that range.
You would flip the coin 25 times in the second game to let outliers have a greater chance of making a dramatic difference, like having the average be strayed from 50:50 to 25:75 or less
Answer:
4m
Step-by-step explanation:
the ratio to find a square’s area is <em>side length</em> times <em>side length</em>, i.e.
sl * sl = a
2m * 2m = 4m
hope this helps!
Answer: true
Step-by-step explanation: they are all equivalent