Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Answer:
Step-by-step explanation:
Additive inverse of (5a² - 4a + 3) should be added to make them zero
(5a² - 4a + 3) + (-5a² + 4a - 3)= <u>5a² - 5a² </u> <u>- 4a + 4a</u> <u>+ 3 - 3</u>
= 0
Answer:
Step-by-step explanation:
60
600
Answer:
Explanation:
1. Use the scale ratio to set a proportion with the unknown lenght.
2. To solve for x, use cross multiplication:
3. Divide both sides by 24inches:
4. Simplify:
A compass is used to copy an angle.
