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stellarik [79]
3 years ago
7

How long will it take for a $2000 investment to grow to $3178 at an annual rate of 8.6%, compounded semiannually? Assume that no

withdrawals are made
Mathematics
1 answer:
masha68 [24]3 years ago
7 0

Answer:

n = 1

Step-by-step explanation:

Due to it being compounded semiannually, the total amount after n years should be 2000[1+(.086/2)]^2n = 3178.    (A = p(1+r/n)^nt)

Hence, solving this equation:

(1+0.43)^2n = 3178/2000

1.43^2n = 1.589

2n = 2

n = 1

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Answer:

Since J = 3, K = 6, and M = 12, the equation means:


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Step-by-step explanation:

This is because when variables are next to each other and we know what they are equal to, it is the same as saying 3 • 6. So, when two variables are next to each other, they are being multiplied. Same with 4m/2. / can also mean division. And since 4 is next to m, the two are being multiplied. All together, the answer to this equation is 42. Hope this helped!

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Answer:

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Step-by-step explanation:

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A clerk takes three fourths of an hour to process 9 applications. How long does it take the clerk to process 1 application
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