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GalinKa [24]
3 years ago
6

An initial investment of $100,000 at 12% interest is compounded weekly (use 52 weeks in a year). What will the investment be wor

th in 30 years? An initial investment of $100,000 at 12% interest is compounded weekly (use 52 weeks in a year). What will the investment be worth in 30 years?
Round your answer to the nearest dollar. Do not include the dollar sign in your answer.
Mathematics
1 answer:
ozzi3 years ago
8 0

Answer:

$3644675.9

Step-by-step explanation:

The initial investment is $100000. The interest rate is 12%.  

We are asked to determine the final amount the investment will become after 30 years if the interest is compounded weekly.

The weekly interest rate is \frac{12}{52} = 0.231%.

Assuming 1 year equivalent to 52 weeks.

Hence, using the formula of compound interest the final sum will be  

100000(1 + \frac{0.231}{100} )^{(30 \times 52)}

= $3644675.9 (Approximate)

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1. A heterozygous white-fruited squash plant is crossed with a yellow-fruited plant, yielding 200 seeds. of these seeds, 110 pro
garri49 [273]

Answer:

Part 1 , not significant

Part II, significant

Step-by-step explanation:

Given that a  heterozygous white-fruited squash plant is crossed with a yellow-fruited plant, yielding 200 seeds. of these seeds, 110 produce white-fruited plants while only 90 produce yellow-fruited plants

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2)

Here observed are 1100 and 900

Expected 1000 & 1000

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These results are here statistically significant.

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