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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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What is the height of a solid with a volume of 120m and base area of 30m
igor_vitrenko [27]

Answer:

4m.

Step-by-step explanation:

Divide the total volume by the base area to find the height. This is because the volume of a solid is equal to the base area multiplied by the height.

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3 years ago
Find the arc length and area of a sector with radius R =60 inches and central angle equals 30° round your answer to the nearest
Black_prince [1.1K]

Answer:

(a)31.42 inches

(b)942.48 Square Inches

Step-by-step explanation:

Given a sector of a circle with the following dimensions:

Radius of the circle =60 inches

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(a)Arc Length

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(b)Area of the sector

Area of the sector =\dfrac{\theta}{360^\circ}X\pi r^2

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Answer: ‭6,520‬ miles per year

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They had driven the car for 53,790 miles in 8.25 years.

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