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nikklg [1K]
3 years ago
15

You invest $600 in an account that has a annual interest rate of 7%, compounded quarterly for four years. What is the equivalent

interest rate, and how many times will the money be compounded? Help pleasee!
Mathematics
1 answer:
alexandr402 [8]3 years ago
6 0

Answer:

  • equivalent rate: 7.186%
  • compounded 16 times

Step-by-step explanation:

The equivalent interest rate is the rate that would have to be applied so it would earn the same amount in 1 year. It is computed from ...

  requiv = (1 +r/n)^n -1

  requiv = (1 +0.07/4)^4 -1 ≈ 7.186%

__

"Compounded quarterly" means interest is compounded 4 times per year. In 4 years, it will be compounded 4·4 = 16 times.

__

The balance in the account after 4 years is ...

  $600·(1 +.07/4)^(4·4) ≈ $791.96

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A Ribbon is 12 3/4 feet long. Into how many 3/4 foot pieces can it be cut?
ch4aika [34]
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8 0
3 years ago
PLEASE HELP!!!!
sleet_krkn [62]

Answer:

1. T =34

2.143 =exterior A

Step-by-step explanation:

The sum of the angles in a triangle is 180 degrees

T+H+E =180

T + 107+39 = 180

Combine like terms

T +146 = 180

Subtract 146 from each side

T +146-146 = 180-146

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The exterior angle is the sum of the opposite interior angles in a triangle.

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143 =exterior A


5 0
4 years ago
Can someone please help me with question 7?
storchak [24]

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divide both sides by 2.25 to get the k alone

k ≥ 80

The answer is 2.25k ≥ 180, k ≥ 80

(Hope this isn't confusing)


6 0
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