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olganol [36]
3 years ago
5

Suppose you invest $150 a month for 5 years into an account earning 8% compounded monthly. After 5 years, you leave the money, w

ithout making additional deposits, in the account for another 21 years. How much will you have in the end?
Mathematics
1 answer:
umka21 [38]3 years ago
5 0
The first five years you will have 9,720 the account earning at 8% will give you 12 dollars for every 150 a month. After five years the 9,720 without no additional deposits at the 8% monthly rate will give you 777.6 monthly  at the end of the next twenty one years you will have a total of 2,645,395.2 dollars. your welcome!
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What is the nth term of 5.5 7 8.5 10 11.5
gizmo_the_mogwai [7]
  <span>my answer to you would be that for this kind of a sequence, there is a fixed way of finding the nth term value 
let's get these basics straight first: 
1) Un= the nth term value 
for eg. U1 = 1st term value 
2) a = first term 
3) d = difference 
Ok now the first step to finding the nth term is finding the constant difference 
in the example that you gave the constant difference is 1.5 
ie 1.5 is being added on each time 
now the fixed rule for finding the nth term is : 
Un = a + d(n-1) 
why? 
because let's take a common example of a linear sequence, a sequence with a constant first term ( so called because it forms a line when drawn in a graph): 
first term is a so, 
a, a+d, a+2d, a+3d......a(n-1)d 
(because the coefficient of d is one less than the term number) 
so putting this into your q: 
a = 5.5 
d=1.5 
Un=a + d (n-1) 
Un=5.5 + 1.5(n-1) 
Un=5.5 + 1.5n - 1.5 
Un=4+ 1.5n 
there you go it works... 
for other types like quadratic cubic and geometric progression, its a totally different story
</span>
7 0
3 years ago
$ 20,000 is invested at a rate of 5% compounded quarterly. Identify the compound interest function ta model the situation. Then
liq [111]

Answer:

the balance after 5 years is: 26540.744

Step-by-step explanation:

Given the information:

  • P = initial balance  = $ 20,000
  • r = interest rate (decimal)  = 5% = 0.05
  • n = number of times compounded annually  = 4
  • t = time  = 5

We have the compound interest function ta model the situation is:

A=P(1+\frac{r}{n} )^{nt}

<=> A = 20000(1+\frac{0.05}{4} )^{4*5}

<=> A = $26540.744

Hence, the balance after 5 years is: $26540.744

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3 years ago
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Thepotemich [5.8K]

Answer:

by adding or subtracting other angle from sum of angle

5 0
2 years ago
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Answer:

Temperature is integers are shown in real life, because the temperature is either over 0 or below zero.

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AD & BC Time.

Sea Level is an Integers In Real Life.

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Step-by-step explanation:

7 0
2 years ago
2x - y = 5 x + 3y = 7 What is the second row of entries for the system determinant?
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I think the answer is B

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3 years ago
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