How much would $500 invested at 6% interest compounded monthly be worth after 4 years? Round your answer to the nearest cent

1 answer:

7 0

1) Compound interest formula:
$A = P(1+ \frac{r}{n}) ^{nt}$ **<span>
**A = amount, P = principal amount, r = rate, n = # of times interest is compunded every year, t = time(in years)
2) Plug numbers in
</span> $A = (500)(1+ \frac{0.06}{12}) ^{(12)(4)}$
3) Solve
A = 635.24458054

Hope this helped! Good Luck!

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Use Long Division to answer number 4. Please show all work!

skelet666 [1.2K]

Answer:

2x² + 3x + 4 + (17x + 9) / (x² − 4)

Step-by-step explanation:

Start by setting up the division. Make sure to write all the coefficients, even the zero ones.

x² + 0x − 4 | 2x⁴ + 3x³ − 4x² + 5x − 7

Start by dividing the first term of the dividend (2x⁴) by the first term of the divisor (x²). That's 2x²; it'll be the first term in quotient. Multiply the divisor by 2x²:

2x⁴ + 0x³ − 8x²

Subtract that from the first three terms of the dividend:

3x³ + 4x²

Drop down the next term from the dividend, and start the process all over again.

3x³ + 4x² + 5x

When you finish, the quotient will be 2x² + 3x + 4, and the remainder will be 17x + 9.