The figure below shows three quadrilaterals on a coordinate grid: A coordinate grid is shown from positive 8 to negative 8 on th
e x axis and from positive 8 to negative 8 on the y axis. An image of a rectangle labeled E is shown on ordered pair negative 1, negative 1 and negative 3, negative 1 and negative 3, negative 2 and negative 1, negative 2. Another image of a rectangle labeled G is shown on ordered pair negative 2, negative 2 and negative 6, negative 2 and negative 6, negative 4 and negative 2, negative 4. Another image of a rectangle labeled F is shown on ordered pair negative 1, 1 and negative 1, 2, and negative 3, 2 and negative 3, 1. Which of the following statements is true about the three quadrilaterals? E and F are similar but not congruent. E and G are similar but not congruent. G and F are similar and also congruent. E and G are similar and also congruent.
1 answer:
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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.