You recently invested $400,000 of your savings in a security issued by a large company. The security agreement pays you 12% per
1 answer:
Answer:
$722444.49386776
Step-by-step explanation:
Use Compound Intrest Formula
- where p is the original amount.
- R is the amount of percentage compounded
- N is amount of times compounded per year.
- T is how long the interest last.
P is 400,00p
T is 12% or 0.12
N is 4 since it is compounded quarterly
T is 5.
Plug the values in
Ypu get
$722444.49386776
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Answer:
80 < 93 < 121 < 127
Step-by-step explanation:
For a geometric series,
Formula to be used,
Sum of t terms of a geometric series =
Here t = number of terms
a = first term
r = common ratio
1).
First term of this series 'a' = 3
Common ratio 'r' = 2
Number of terms 't' = 5
Therefore, sum of 5 terms of the series =
= 93
2).
First term 'a' = 1
Common ratio 'r' = 2
Number of terms 't' = 7
Sum of 7 terms of this series =
= 127
3).
First term 'a' = 1
Common ratio 'r' = 3
Number of terms 't' = 5
Therefore, sum of 5 terms =
= 121
4).
First term 'a' = 2
Common ratio 'r' = 3
Number of terms 't' = 4
Therefore, sum of 4 terms of the series =
= 80
80 < 93 < 121 < 127 will be the answer.