All categories

3 years ago

Your 6 1/4 year investment of $40,000 at 14% compounded quarterly is worth how much now?

1 answer:

4 0

The formula to be used here is:

F = P(1+i)ⁿ
where
P = 40000
n = 6 1/4 years

Let's find i first which has to be converted to compounded annually.

i = (1 + r/m)^m - 1
where m = 4 because there are 4 quarters in 1 yr; and r is the given 0.14.
i = (1 + 0.14/4)⁴ - 1 = 0.1475

Thus,
F = (40000)(1+0.1475)^(6 1/4)
<em>F = $94,517.96</em>

You might be interested in

Vince borrows $900 to buy a couch. He will pay off the loan by paying 1.5% simple interest for 2 years. Vince incorrectly calcul

NikAS [45]

Answer:

ummmmm

Step-by-step explanation:

4 0

3 years ago

Find the circumference whose radius is 20cm take 3.14

jekas [21]

Step-by-step explanation:

please mark me as brainlest

8 0

3 years ago

Refer to matrix A and identify the matrix element a31.

Blizzard [7]

<h3>Answer: D) 7</h3>

===================================================

Explanation:

a31 means "the value in the third row, first column". That value is 7

As another example, a22 = 3 since 3 is in the second row, second column.

Another example: a12 = -1 because we're in the first row and second column.

This is a 3x2 matrix due to it having 3 rows and 2 columns.

5 0

3 years ago

Select all the numbers that belong to the special sequence of square numbers.

ipn [44]

answer:

169

81 =9²

169=13²

7 0

3 years ago

A particular fruit's weights are normally distributed, with a mean of 406 grams and a standard deviation of 27 grams.The heavies

Tom [10]

Given

mean of 406 grams and a standard deviation of 27 grams.

Find

The heaviest 14% of fruits weigh more than how many grams?

Explanation

given

mean = 406 gms

standard deviation = 27 gms

using standard normal table ,

$\begin{gathered} P(Z>z)=14\% \\ 1-P(Zso , [tex]\begin{gathered} x=z\times\sigma+\mu \\ x=1.08\times27+406 \\ x=435.16 \end{gathered}$

Final Answer

Therefore , The heaviest 14% of fruits weigh more than 435.16 gms

8 0

1 year ago