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3 years ago

6

You are scheduled to receive $16,500 in three years. when you receive it, you will invest it for nine more years at 9.5 percent

per year. how much will you have in twelve years?

1 answer:

Elis [28]3 years ago

4 0

I'm am assuming the interest is compounded each year.

amount after 12 years = 16,500( 1 + 0.95)^9 = $37,343.16

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2 years ago

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3 years ago

You live on a triangular piece of land with a base of 121 yards and

morpeh [17]

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Further Explanation:

In order to find the area of the triangular piece of land in acres we have to find the area in yards

<u>Given:</u>

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$Area = \frac{1}{2} * base * height\\ = 0.5 * 121 *80\\=4840\ square\ yards\\Square\ Yards\ in\ one\ acre=4840\ square\ yards\\So,\\Area\ in\ acres = \frac{4840}{4840} \\= 1\ acre$

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Keywords: Area of triangle, conversion from yards to acre

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2 years ago