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seraphim [82]
3 years ago
14

Suppose that you earned a​ bachelor's degree and now​ you're teaching high school. The school district offers teachers the oppor

tunity to take a year off to earn a​ master's degree. To achieve this​ goal, you deposit $ 4000 at the end of each year in an annuity that pays 7.5 % compounded annually.
a. How much will you have saved at the end of five years? (Do not round until the final answer. Then round to the nearest dollar as needed.)
b. Find the interest.
Mathematics
1 answer:
harkovskaia [24]3 years ago
8 0

Answer:

A ) The Amount which will be saved after five years is $ 5742.4

B ) The compound Interest is $ 1742.4

Step-by-step explanation:

The Principal deposited at the end of each year = $ 4000

The rate of interest = 7.5 % compounded annually

The time period = 5 years

From compounded method :

Amount = principal × (1+\dfrac{\textrm rate}{100})^{\textrm time}

or, Amount = $ 4000 × (1+\dfrac{\textrm 7.5}{100})^{\textrm 5}

Or, Amount = $ 4000 × (1.0075)^{5}

or, Amount = $ 4000 × 1.4356

∴ Amount = $ 5742.4

A ) The Amount which will be saved after five years is $ 5742.4

B ) The compound Interest = Amount - principal

   Or, C I = $ 5742.4 - $ 4000 is $ 1742.4    Answer

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The altitude of mt. makalu is 8485meters,find its heights in centimeter​
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hope it helps.

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Read 2 more answers
Riangle XYZ was dilated by a scale factor of 2 to create triangle ACB and sin ∠X = 5 over 5 and 59 hundredths.
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Step-by-step explanation:

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Part B: Because triangle XYZ was dilated with a scale factor of 2 to create triangle ABC, just multiply the sides by 2 to get the sides AC and CB, which is AB = 2 times XY and CB = 2 times XZ. 

2. We can first find the hypothenuse by adding squaring 8 and 6 to have 100. Then square root it to have 10 as our hypothenuse

Now we can use sin x = 6/10 and cos y = 6/10

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To be honest, I didn't know so much about these questions but this might give a better understanding and if I'm wrong then I apologize.

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