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Archy [21]
3 years ago
14

Find the value of an investment of $20,000 for 12 years at an annual interest rate of 3.85%

Mathematics
1 answer:
MatroZZZ [7]3 years ago
3 0

Answer:

<h2> $31,745</h2>

Step-by-step explanation:

Compound continuously:

FVn = PV x e^rn

where

PV = $20,000

r = 3.85%

n = 12 years

plugin values into the formula:

FV₁₂ = $20,000 x e ⁰°⁰³⁸⁵ ⁽¹²⁾

FV₁₂ = $31,745

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What are the coordinates of the point on the directed line segment from (-6, -3) to
melamori03 [73]

Given:

A point divides a directed line segment from (-6, -3) to (5,8) into a ratio of 6 to 5.

To find:

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Solution:

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Point=\left(\dfrac{mx_2+nx_1}{m+n},\dfrac{my_2+ny_1}{m+n}\right)

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Point=\left(\dfrac{6(5)+5(-6)}{6+5},\dfrac{6(8)+5(-3)}{6+5}\right)

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Therefore, the coordinates of the required point are (0,3).

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3 years ago
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Step-by-step explanation:

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irga5000 [103]
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