If $5,000,000 is invested at 4% interest compounded continuously, the investment will be worth $16,215,000 in 30 years.
X^2 - 14x + 42 = 0
x^2 - 14x = -42
x^2 - 14x + 49 = 49 - 42
(x - 7)^2 = 7
x - 7 = (+-) sqrt 7
x = 7 (+-) sqrt 7
solutions are : x = 7 + sqrt 7 and x = 7 - sqrt 7
Answer:
Answer:
Option 1, by $851.70
Step-by-step explanation:
Option 1 total:
$8000 + $765.44*5*12 = $53926.40
Option 2 total:
$8000 + $626.25*4*12 + 0.38*$43995 = $54778.10
The difference:
$54778.1 - $53926.40 = $851.70
As we see the option 1 is cheaper by $851.70
Correct answer choice is the last one
Step-by-step explanation:
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