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Arisa [49]
3 years ago
5

Nathan invested $18,000 in an account paying an interest rate of 3.4% compounded quarterly. Assuming no deposits or withdrawals

are made, how much money, to the nearest dollar, would be in the account after 9 years?
Mathematics
1 answer:
bezimeni [28]3 years ago
5 0

Answer:

$24,412

Step-by-step explanation:

To find out the value after 9 years, we have to use Future value formula.

Here, Present Value (PV) = $18,000

Interest rate, r = 3.4% = 0.034

Since the interest is compounding quarterly, m = 4

years, n = 9

We know, FV = PV x [(1 + r/m)^(n*m)]

FV = $18,000 x [(1 + 0.034/4)^(9*4)]

FV = $18,000 x [(1 + 0.034/4)^(9*4)]

FV = $18,000 x 1.3562

FV = $24,412

Therefore, the future value is $24,412.

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sineoko [7]
The simplest form of
6
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Find the GCD (or HCF) of numerator and denominator
GCD of 6 and 2 is 2
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6 ÷ 2
2 ÷ 2
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Therefore, 6/2 simplified to lowest terms is 3/1.
8 0
2 years ago
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Step-by-step explanation:

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4 0
2 years ago
If D is the midpoint of the segment AC and C is the midpoint of segment DB , what is the length of the segment AB , if AC = 3 cm
Juliette [100K]
<span>A midpoint divides a line or a segment into two equal parts. If D is the midpoint of the segment AC and C is the midpoint of segment DB, what is the length of the segment AB, if AC = 3 cm.</span>

 

If D is the midpoint of AC, then AD=DC

If C is the midpoint of DB, then DC=CB

If AC=3cm. then then DC-3/2=1.5

If DC=1.5 then CB is 1.5 also

AB=AC+CB

AB=3+1.5

AB=4.5

5 0
3 years ago
SO CONFUSED PLEASE SOMEONE EXPLAIN! DUE SOON AND NEED HELP!!!!!!!! QUESTION IN PICTURE BELOW
jeka57 [31]

Answer:

=> Apply law of cosine

c^2=a^2+b^2-2abcos\left(C\right)

=> input value

z^2=6.5^2 + 9.4^2-\left(6.5\right)\left(9.4\right)\left(cos\left(131\right)\right)

=> simplify

z=\sqrt{\left(6.5^2+\:9.4^2\right)-\left(6.5\right)\left(9.4\right)\left(-0.65605902899\right)}

=> calulcation

z=\sqrt{-61.1\cos \left(131^{\circ \:}\right)+130.61},\:z=-\sqrt{-61.1\cos \left(131^{\circ \:}\right)+130.61}

=> apply rule: Distance must be greater than 0

which is about 14.51828

4 0
2 years ago
Angles 1 and 2 are complementary. If angle 1 = 35, then what is the measure of angle 2?
enot [183]

Answer:

doge

Step-by-step explanation:

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4 0
2 years ago
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