Answer:
$ 5674.076
Step-by-step explanation:
The question is on compound interest
The formulae = A= P(1+ r/n) ^nt .......where P is the principal amount, r is the rate of interest in decimal, n is number of compoundings per year and t is the total number of years.
Given; P= $4,000.00 , r=12/100=0.12, n=2 and t=3
Substituting values in the equation A= P(1+ r/n) ^nt
A= 4000 ( 1+0.12/2)^2×3
A=4000(1.06)^6
A=$ 5674.08
-(11,14,25) is the correct answer. the two shorter sides must add to a longer distance than the longest side.
Answer:
6+_3√2/2
Step-by-step explanation:
y=2x²-12x+9
y=6+3√2/2
Answer:
88
Step-by-step explanation:
Simplify the expression -88/
3(8x-1)
Answer:
$1,109.62
Step-by-step explanation:
Let's first compute the <em>future value FV.</em>
In order to see the rule of formation, let's see the value (in $) for the first few years
<u>End of year 0</u>
1,000
<u>End of year 1(capital + interest + new deposit)</u>
1,000*(1.09)+10
<u>End of year 2 (capital + interest + new deposit)</u>
(1,000*(1.09)+10)*1.09 +10 =

<u>End of year 3 (capital + interest + new deposit)</u>

and we can see that at the end of year 50, the future value is

The sum

is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to

and the future value is then

The <em>present value PV</em> is

rounded to the nearest hundredth.