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LiRa [457]
3 years ago
13

suppose you could make a single "lump sum" deposit of $3679, in an investment that provides an annual percentage rate(apr) of 4%

compounded daily. determine the future value(fv) of the investment after 11 years.
Mathematics
1 answer:
yaroslaw [1]3 years ago
3 0

Answer:

\$5,698.30  

Step-by-step explanation:

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  (future value)

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=11\ years\\ P=\$3,679\\ r=4\%=4/100=0.04\\n=365  

substitute in the formula above

A=3,670(1+\frac{0.04}{365})^{365*11}  

A=\$5,698.30  

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By "y = −9x2 − 2x" I assume you meant  <span>y = −9x^2 − 2x (the "^" symbol represents exponentiation).

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6 0
3 years ago
Y= -0.25x + 4.7<br> Y=4.9x - 1.64
Andreas93 [3]

Answer:

The answer would be (1.23, 4.39)

Step-by-step explanation:

Because they are both equal to y, we can set the equations equal to each other and then solve.

4.9x - 1.64 = -0.25x + 4.7

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Now that we have the value for x, we can plug into either equation and find y.

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3 0
3 years ago
A line has the following equation: y=\frac{6}{7}x+5y=
Ipatiy [6.2K]

Answer:

Step-by-step explanation:

I'm still not exactly sure what the question really is, but the level suggests that it is

y = (6/7)x + 5

Any line that is parallel to this line has a slope of 6/7

Any line that is perpendicular to this line is a little more complicated.

slope of given line * slope of perpendicular line = - 1

6/7 * perpendicular slope = - 1  

Multiply by 7

6*perpendicular slope = - 7

Divide by 6

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3 years ago
tiffany spwnt 4/7 of her money on a teddy bear if the teddy bear costs $24 how much money did she have at first
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She had 42 dollars.

(4/7 of 42 is 24 dollars)

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