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Alecsey [184]
3 years ago
5

Aubree invested $500 into a mutual fund that paid 3% interest each year compounded annually. Find the value of the mutual fund i

n 12 years.
Mathematics
2 answers:
Nataly [62]3 years ago
8 0

Answer:

FV= $712.88

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $500

Number of periods (n)= 12 years

Interest rate (i)= 3% compounded annually

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 500*(1.03^12)

FV= $712.88

serg [7]3 years ago
5 0

Answer:

25%

Step-by-step explanation:

Because she divided it

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Please help solve for angles Q X and Z
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3 years ago
What are the roots of the equation 4x^2+24x+45=0 in simplest a+bi form?
Serhud [2]

Answer:

X=(-1.5, 7.5)

Step-by-step explanation:

Simplifying

4x2 + -24x + -45 = 0

Reorder the terms:

-45 + -24x + 4x2 = 0

Solving

-45 + -24x + 4x2 = 0

Solving for variable 'x'.

Factor a trinomial.

(-3 + -2x)(15 + -2x) = 0

 

Set the factor '(-3 + -2x)' equal to zero and attempt to solve:

Simplifying

-3 + -2x = 0

Solving

-3 + -2x = 0

Move all terms containing x to the left, all other terms to the right.

Add '3' to each side of the equation.

-3 + 3 + -2x = 0 + 3

Combine like terms: -3 + 3 = 0

0 + -2x = 0 + 3

-2x = 0 + 3

Combine like terms: 0 + 3 = 3

-2x = 3

Divide each side by '-2'.

x = -1.5

Simplifying

x = -1.5  

Set the factor '(15 + -2x)' equal to zero and attempt to solve:

Simplifying

15 + -2x = 0

Solving

15 + -2x = 0

Move all terms containing x to the left, all other terms to the right.

Add '-15' to each side of the equation.

15 + -15 + -2x = 0 + -15

Combine like terms: 15 + -15 = 0

0 + -2x = 0 + -15

-2x = 0 + -15

Combine like terms: 0 + -15 = -15

-2x = -15

Divide each side by '-2'.

x = 7.5

Simplifying

x = 7.5

Solution

x = {-1.5, 7.5}

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2 years ago
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