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LuckyWell [14K]
3 years ago
5

Suppose an individual wants to have exactly $400,000 available for her child's education. (a) Find the amount that would have to

be invested at 12% compounded continuously, if the number of years until college is 9 years. (Round your answer to the nearest cent.) (b) Find theamount that would have to be invested at 12% compounded continuously, if the number of years until college is 18 years. (Round your answer to the nearest cent.)
Mathematics
1 answer:
Airida [17]3 years ago
3 0

Answer:  a) $135,838.21           b) $46,130.05

<u>Step-by-step explanation:</u>

A=P\cdot e^{rt}

  • A: accrued amount (balance)
  • P: principal (initial amount invested)
  • r: interest rate (in decimal form)
  • t: time

(a) Given:

  • A = 400,000
  • P = unknown
  • r = 12% = 0.12
  • t = 9

400,000=P\cdot e^{(0.12)(9)}\\\\400,000=P\cdot e^{1.08}\\\\\dfrac{400,000}{e^{1.08}}=P\\\\\large\boxed{135,838.21}

(b) Given:

  • A = 400,000
  • P = unknown
  • r = 12% = 0.12
  • t = 18

400,000=P\cdot e^{(0.12)(18)}\\\\400,000=P\cdot e^{2.16}\\\\\dfrac{400,000}{e^{2.16}}=P\\\\\large\boxed{46,130.05}

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Triangle FGH with vertices F(6,6), G(8,8), and H(8,3): (a) Reflection: in the line x = 5 (b) Translation: (x,y)→ (x - 7, y - 9)
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(a) The vertices after the reflection in the line x = 5 are F'(4,6) , G'(2,8) , H'(2,3) .

and (b) after translation , the vertices are F''(-1,-3) , G'' (1,-1) , H''(1,-6) .

In the question a triangle FGH with vertices F(6,6) , G(8,8) and H(8,3) is given

Part (a)

the rule for reflection of point (x,y) by the line x = p  is

(x,y) → (2×p - x , y)

reflection by the line x = 5 ,

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F'(2×5-6,6) = (4,6)

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H'(2×5 - 8 ,3) = (2,3)

Part (b)

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Learn more about Translation here

brainly.com/question/3456459

#SPJ1

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