1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rzqust [24]
3 years ago
8

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

Mathematics
1 answer:
KengaRu [80]3 years ago
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
Solve the system of equations.<br><br> 6x−y=−14<br> 2x−3y=6<br><br> whats the answer please C:
TEA [102]

Answer:

Step-by-step explanation:

3 0
3 years ago
A grocer has two kinds of tea: one selling for 80 cents a pound and the other selling for 60 cents a pound. How many pounds of e
goblinko [34]

Answer:

35 pounds of tea for 80 cents.

Step-by-step explanation:

Equation::

value + value = value

80x + 60(50-x) = 74*50  

80x + 60*50 - 60x = 74*50  

20x = 14*50

x = 35 lbs (amt. of 80 cent tea to use)

50-x = 15 lbs (amt. of 60 cent tean to use)

4 0
3 years ago
Read 2 more answers
Carly solved a quadratic equation by completing the square, but her work has errors. Identify the first error in Carly's work.
Savatey [412]

Answer:

Her first error was adding the wrong number to both sides. Instead of 4², it should be 2²

Step-by-step explanation:

When completing the square, the number that needs to be added to both sides is (b/2)²

In this problem, b is 4. So, Carly should have added 2² to both sides, but she added 4² instead.

So, her first error was adding 4² to both sides instead of 2²

8 0
3 years ago
What is the volume of the sphere? Use 3.14 for and round to the nearest whole number.
Elis [28]

cutei mo boy Chad bleehhh

6 0
2 years ago
If you flip a coin 150 times about how many times would you expect to get heads
meriva
A coin has two sides, which means it has a 1/2 chance of landing on each individual side when you flip the coin. Since there is a 1/2 chance of landing on each side, you could expect the coin to land on "Heads' 75 times. 
3 0
3 years ago
Other questions:
  • Write a Function rule for the table.
    6·2 answers
  • Would someone be able to help me with these 8 questions please because I'm really confused.
    10·1 answer
  • Can someone figure out the 3 answers please
    5·1 answer
  • What are the next three terms in this pattern 1,2,4,8
    5·2 answers
  • The airplane in the scale drawing has a wingspan of a feet and a tailspan of b feet. if the tailspan in the drawing is 2 inches,
    6·2 answers
  • ASAP "PLEASE HELP"Farah rolled a number cube 84 times. The outcome of "2" occurred 12 times. What is the experimental probabilit
    13·1 answer
  • Please help! I’ll give brainliest to whoever is right!
    6·1 answer
  • What percentage of 62 is 45?
    15·2 answers
  • Which of the equations below represents a line parallel to the y-axis?
    10·1 answer
  • Write the ratio of sin X and cos X <br> Show your work <br><br> (20 points)
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!