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3 years ago

5

Find the value of each value

1 answer:

amid [387]3 years ago

7 0

W+2=3
w=3-2
so the answer is w=1

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The group of parabola opens left so, x=ay^2

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If 47400 dollars is invested at an interest rate of 7 percent per year, find the value of the investment at the end of 5 years f

Anni [7]

Answer:

Part A) Annual $\$66,480.95$

Part B) Semiannual $\$66,862.38$

Part C) Monthly $\$67,195.44$

Part D) Daily $\$67,261.54$

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

so

Part A) Annual

in this problem we have

$t=5\ years\\ P=\$47,400\\ r=0.07\\n=1$

substitute in the formula above

$A=\$47,400(1+\frac{0.07}{1})^{1*5}$

$A=\$47,400(1.07)^{5}$

$A=\$66,480.95$

Part B) Semiannual

in this problem we have

$t=5\ years\\ P=\$47,400\\ r=0.07\\n=2$

substitute in the formula above

$A=\$47,400(1+\frac{0.07}{2})^{2*5}$

$A=\$47,400(1.035)^{10}$

$A=\$66,862.38$

Part C) Monthly

in this problem we have

$t=5\ years\\ P=\$47,400\\ r=0.07\\n=12$

substitute in the formula above

$A=\$47,400(1+\frac{0.07}{12})^{12*5}$

$A=\$47,400(1.0058)^{60}$

$A=\$67,195.44$

Part D) Daily

in this problem we have

$t=5\ years\\ P=\$47,400\\ r=0.07\\n=365$

substitute in the formula above

$A=\$47,400(1+\frac{0.07}{365})^{365*5}$

$A=\$47,400(1.0002)^{1,825}$

$A=\$67,261.54$

8 0

3 years ago