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lyudmila [28]
3 years ago
9

Dylan invested $20,000 in an account paying an interest rate of 5.3% compounded continuously. Assuming no deposits or withdrawal

s are made, how much money, to the nearest cent, would be in the account after 5 years?
Mathematics
1 answer:
almond37 [142]3 years ago
7 0

Answer:

$24,240

Step-by-step explanation:

20,000 + 1,060 (5-1)

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5 0
2 years ago
Question 5 Unsaved
Otrada [13]

We can use the compound interest formula

F=P(1+i)^n

where

F=Future value of investment to be found

P=present value of investment ($1000)

i=interest per period (1/4 year)=0.04/4=0.01

n=number of periods (3 years * 4 quarters = 12)


Substitute or "Plug in" values, so to speak,

F=1000*(1+0.01)^12

use a calculator to do the sum

=1126.83 (to the nearest cent, and use the proper rounding rules)



3 0
3 years ago
Use properties of operations to simplify the expression 24x - y - 2x + 13 - 2 - 4z
Bumek [7]

Answer:

22x + 11 - 4z - y

Step-by-step explanation:

24x - 2x + 13 - 2 - 4z - y =

22x + 11 - 4z - y

6 0
3 years ago
Convert 23° 12' to decimal form
Lina20 [59]

Answer:

15813.64 rounded to nearest hundredth

3 0
3 years ago
A football team gained 35 yards on a first down, lost 15 yards on the second down and gained 12 yards on the third down. How man
lidiya [134]
13 yards 

35-15=20
20+12=32
32-35=3
3+10=13
5 0
3 years ago
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