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alisha [4.7K]
3 years ago
6

Keith opened an investment account where he is paid 8% annual interest, compounded semi-annually. He wants to have $7,000 in the

investment account in 3 years. What is the number of periods for this investment?

Mathematics
1 answer:
Mama L [17]3 years ago
8 0

Answer:

6 periods

Step-by-step explanation:

The investment is compounded semi-annually which means it is compounded twice in a year. Period of investment is 3 years. So, number of periods compounded is 3 multiplied by 2 that is 6 periods.

Rate would be 8% divided by 2 that is 4%.

Initial investment can be calculated usinf spreadsheet function as =PV(rate,nper, pmt, FV)

Where,

rate is 0.04

nper is 6

pmt is 0

FV is 7,000

So, initial investment is $5,532.20.

It is negative as it is a cash outflow.

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Twice Use what you have learned to compare circles by their characteristics. 1. Draw each circle. A. Radius length of 3 centimet
Gwar [14]

Answer:

1. a. Please find attached, the diagram for the first circle with radius = 3 cm

b. Please find attached, the diagram for the second circle with diameter = 3 cm

2. The similarities are;

a) Both circles can be described by a point and a radius or a diameter

The differences are;

a) The length of the radiuses are different for the two circles (3 cm and 1.5 cm)

b) The circumferences of the two circles are different

c) The area covered by the two circles are different

3. The circumference of the circle with radius equal to 3 cm is larger than the circumference of the circle with diameter equal to 3 cm

4. The circumference to diameter ratio of the circle with radius  = 3 cm is π

The circumference to diameter ratio of the circle with diameter  = 3 cm is π

Both circles have equal circumference to diameter ratio given that the circumference = π × The diameter

Step-by-step explanation:

1. a. The radius length of the first circle = 3 cm

The diagram for the first circle with radius 3 cm is attached

b. The diameter length of the second circle = 3 cm

The diagram for the second circle with diameter 3 cm is attached

2. The similarities are;

a) Both circles can be described by a point and a radius or a diameter

The differences are;

a) The length of the radiuses are different for the two circles (3 cm and 1.5 cm)

b) The circumferences of the two circles are different

c) The area covered by the two circles are different

3. The circumference of the circle with radius equal to 3 cm is 2 × π × 3 = 6·π cm

The circumference of the circle with diameter equal to 3 cm is π × 3 = 3·π cm

Therefore, the circumference of the circle with radius equal to 3 cm is larger than the circumference of the circle with diameter equal to 3 cm

4. The circumference to diameter ratio of the circle with radius = 3 cm is 6·π cm/(2 × 3 cm) = π

The circumference to diameter ratio of the circle with diameter = 3 cm is 3·π cm/(3 cm) = π.

Both circles have equal circumference to diameter ratio given that the circumference = π × The diameter.

7 0
3 years ago
How do I find the missing side lengths?
KIM [24]
Use sin(45)= 5sqrt2/x
Then you would multiply x to sin(45) then divide sin(45) by 5sqrt2
and you would get 
10 for M
You would then use Pythagorean theorem and get
3sqrt 10

Hope this helps.. BRAINLIEST
4 0
3 years ago
3 is what percent of 75?
vovikov84 [41]

Answer:

4%

Step-by-step explanation:

First, we turn this into a fraction:

3/75 = 1/25 = 4%

So 3 is 4% of 75

8 0
3 years ago
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A 13 ounces can of tuna costs 2.34$. What is the unit of price of 1 ounce of tuna
weqwewe [10]

Answer:

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Step-by-step explanation:

2.34 divided by 13= 0.18

To check my answer, 0.18 x 13 = 2.34

4 0
4 years ago
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a bus stops at the corner of elm street and oak street every half hour between 9 a.m. and 3 p.m. and every 15 minutes between 3
aivan3 [116]
From 9 a.m to 3 p.m its 6hrs
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6 0
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