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Anna007 [38]
2 years ago
6

Linda deposited $4000 into an account with 5.7% interest, compounded monthly. Assuming that no withdrawals are made, how much wi

ll she have in the account after 4 years? Do not round any intermediate computations, and round your answer to the nearest cent.
Mathematics
1 answer:
alina1380 [7]2 years ago
6 0
The formula is
A=p (1+r/k)^kn
A future value?
P present value 4000
R interest rate 0.057
K compounded monthly 12
N time 4years

A=4,000×(1+0.057÷12)^(12×4)
A=5,021.63
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Hey there!

When finding the difference of expressions like these, there's a few things you should keep in mind. 

1. When finding the difference of two polynomials, multiply the polynomial that implied to be "negative" by –1 to expand the problem and make it easier to solve. 

2. You combine terms based on their unknown terms, like x, y, x², ab, etc. You cannot combine the terms x and x², but you can combine the terms 6b and 8b by adding them. 

3. You can rearrange your terms however you see fit. If a polynomial is implied as "positive", you can multiply that entire polynomial by +1 to get rid of the parentheses. 

With all that in mind, you can go ahead and solve for your difference, like so:

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7ab+8a-3 will be your difference. 

Hope this helped you out! :-)
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