What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?
1 answer:
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Answer:
Step-by-step explanation:
The area of trapezoid is given by the formula:
Where
A is the area
b_1 is base 1
b_2 is base 2, and
h is the height
Looking at the figure, base 1 is the left line which goes from y = 3 to y = 3, so 6 units. Also, base 2 is the right line which goes from y = -3 to y =5, so 8 units.
The height is the horizontal distance in the middle, which goes from x = -2 to x = 3, so 5 units. Hence area of trapezoid is:
Now, area of semicircle is:
Where
A is the area
r is the radius
Looking at the figure, the diameter (twice radius) goes from y = -3 to y = 3, so 6 units. But radius is half of that, so 3 units. Hence area of semicircle is:
Total area of the figure is