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3 years ago

10

Emily deposits $14,500 each year into a retirement account with a 7% simple interest rate. If she deposits the same amount each

year, how much money will she have at the end of her fourth year?

2 answers:

soldier1979 [14.2K]3 years ago

6 0

Hello! I believe she would have 58,000 at the end of her fourth year. Hope this helps. :)

Svetradugi [14.3K]3 years ago

5 0

$1400 because its 14k so it stay the same

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elixir [45]

Answer:

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Step-by-step explanation:

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Second term = a₂ = $\frac{-9}{5}$

Third term = a₃ = $\frac{-8}{5}$

Fourth term = a₄ = $\frac{-7}{5}$

To Find:

Common Difference = d = ?

Solution:

Formula for Common Difference d , $\textrm{common difference}= \textrm{Second Term} -\textrm{First Term}=\textrm{Third Term}-\textrm{Second Term}$

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3 years ago