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3 years ago

9

if i wanted to make a 40,000 payment in one year with a 5% annual interest rate, how much should i invest now?

1 answer:

IRINA_888 [86]3 years ago

5 0

Answer:

38,095.24

Step-by-step explanation:

40,000 = P(1 + 0.05)^1

P = 40,000/1.05

P = 38095.2380952

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5. Find the first, fourth, and tenth terms of the arithmetic

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The first, fourth and tenth terms of the arithmetic sequence is $-6, -\frac{27}{5}$ and $-\frac{21}{5}$

Explanation:

The given rule for the arithmetic sequence is $A(n)=-6+(n-1)(\frac{1}{5} )$

We need to determine the first, fourth and tenth terms of the sequence.

To find the first, fourth and tenth terms, let us substitute $n=1,4,10$ in the general rule for the arithmetic sequence.

To find the first term, substitute $n=1$ in $A(n)=-6+(n-1)(\frac{1}{5} )$ , we get,

$A(1)=-6+(1-1)(\frac{1}{5} )$

$A(1)=-6+(0)(\frac{1}{5} )$

$A(1)=-6$

Thus, the first term of the arithmetic sequence is -6.

To find the fourth term, substitute $n=4$ in $A(n)=-6+(n-1)(\frac{1}{5} )$ , we get,

$A(2)=-6+(4-1)(\frac{1}{5} )$

$A(2)=-6+(3)(\frac{1}{5} )$

$A(2)=\frac{-30+3}{5}$

$A(2)=\frac{-27}{5}$

Thus, the fourth term of the arithmetic sequence is $-\frac{27}{5}$

To find the tenth term, substitute $n=10$ in $A(n)=-6+(n-1)(\frac{1}{5} )$ , we get,

$A(10)=-6+(10-1)(\frac{1}{5} )$

$A(10)=-6+(9)(\frac{1}{5} )$

$A(10)=-6+\frac{9}{5}$

$A(10)=-\frac{21}{5}$

Thus, the tenth term of the arithmetic sequence is $-\frac{21}{5}$

Hence, the first, fourth and tenth terms of the arithmetic sequence is $-6, -\frac{27}{5}$ and $-\frac{21}{5}$

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