An initial investment of $100,000 at 12% interest is compounded weekly (use 52 weeks in a year). What will the investment be wor
1 answer:
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 %.
Assuming 1 year equivalent to 52 weeks.
Hence, using the formula of compound interest the final sum will be
= $3644675.9 (Approximate)
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Answer:
slope = -
Step-by-step explanation:
Calculate the slope m using the slope formula
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (- 9, - 4) and (x₂, y₂ ) = (- 3, - 6)
m = =
= -
Assuming x = 4, replace each x in the equation with 4:
Solve each term in parentheses:
Your equation should now look like this:
f(4) will equal 55.
Solve each term in parentheses:
Your equation should now look like this:
f(4) will equal 55.