Answer:
$28,342.54
Step-by-step explanation:
The value of an account earning compound interest is found using the formula ...
A = P(1 +r/n)^(nt)
where P is the principal invested at annual rate r compounded n times per year for t years.
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You have P=7000, r=0.12, n=2, t=12.
Using these values in the formula, we find the accumulated value of the investment to be ...
A = 7000(1 +0.12/2)^(2·12) = 7000(1.06^24) ≈ 28,342.54
The value after 12 years is $28,342.54.
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<em>Additional comment</em>
The time-value-of-money functions of your calculator or spreadsheet can find this for you.
Answer: B. A coordinate plane with points in quadrants II and IV.
Step-by-step explanation:
Let's take the point (-1,1) as an example
The point itself is in the second quadrant
the opposite of the point is (1,-1)
This point is in the fourth quadrant
Answer:
i believe it might be 50%
Step-by-step explanation:
1) distribute 2 to each term within the parentheses
2) combining like terms ( which means subtract a 6-2)
3) subtract 4 from both sides of the equation
4) divide both sides of the equation by 4
Final answer should be ( x = 1/4 )
X-intercept: (8,0)
Y-intercept:(0,-12)