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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Hello!
6.
Since the area is that of a square, you know that all side lengths are the same.
Area is base times height (A = bh), but since base and height are the same for a square, you get the formula A = a².
The length of the side of a square with an area of 144 in² is 12 in.
7.
Rational number.
8.
This is a right triangle; use the Pythagorean Theorem to find missing lengths of right triangles. Pythagorean Theorem: a² + b² = c², where c is the hypotenuse of the triangle.
Plug in your leg lengths:
a² + b² = c²
8² + x² = 21²
64 + x² = 441
x² = 377
x = 19.4
6.
Since the area is that of a square, you know that all side lengths are the same.
Area is base times height (A = bh), but since base and height are the same for a square, you get the formula A = a².
The length of the side of a square with an area of 144 in² is 12 in.
7.
Rational number.
8.
This is a right triangle; use the Pythagorean Theorem to find missing lengths of right triangles. Pythagorean Theorem: a² + b² = c², where c is the hypotenuse of the triangle.
Plug in your leg lengths:
a² + b² = c²
8² + x² = 21²
64 + x² = 441
x² = 377
x = 19.4