Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
Answer:
Step-by-step explanation:
Gym A has a $150 joining fee and costs $35 per month.
Assuming that Casey wants to attend for x months, the cost of using gym A will be
150 + 35 times x months. It becomes
150 + 35x
Gym B has no joining fee and costs $60 per month.
Again, assuming that Casey wants to attend for x months, the cost of using gym B will be
60 × x months = 60x
A) To determine the number of months that it will both gym memberships to be the same, we will equate them.
150 + 35x = 60x
60x - 35x = 150
25x = 150
x = 150/25 = 6
It will take 6 months for both gym memberships to be the same.
B) If Casey plans to only go to the gym for 5 months,
Plan A will cost 150 + 35×5 = $325
Plan B will cost 60 × 5 = $300
Plan B will be cheaper
The correct factorization is
2(x-2)²
Solve for c :
x⁴ + cx² + 100 = 0
cx² = -(x⁴ + 100)
c = - (x⁴ + 100)/x²
If x = 0, the right side is undefined and c would have no solution.
