Solve the problem. Find the amount of money in an account after 12 years if $4700 is deposited at 5% annual interest compounded
1 answer:
Answer:
The correct answer is $8532.17
Step-by-step explanation:
The formula for calculating investments with compound interests is as follows:
Where:
R is the annual interest rate,
t is the number of times the investment is to be compounded in a year,
n is the number of years,
P is the principal amount invested.
Replacing in the formula with the given values you have:
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Answer:
The given points are
The setting would have a interval or 2 units above and below the minimum and maximum of each coordinate.
The given maxium horizontal coordinate is 0.
The given minimum horizontal coordinate is -13.
The given maximum vertical coordinate is 3.
The given minimum vertical coordinate is -7.
Now, we extend each maximum and minimum value by 2 units to create the setting.
So, the setting is
With a scale of 2 units.