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Alekssandra [29.7K]
2 years ago
13

Your uncle won the powerball jack[ot and decided to give you 50000 dollars. You want to save this money for college so you find

an investment that has an anual interest rate of 3.75% and is compounded weekly. How much money will you have for college in 4 years
Mathematics
1 answer:
Ahat [919]2 years ago
7 0

Answer: $58,088.57

Step-by-step explanation:

The investment is compounded weekly so you need to change the parameters of the equation to a weekly figure:

Interest rate is yearly so:

= 3.75%/52

= 3.75/52% per week

Number of periods is 4 years so:

= 4 * 52

= 208 weeks

Future value in 4 years is:

= 50,000 * ( 1 + 3.75/52%)²⁰⁸

= $58,088.57

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Choose all the fractions that are equivalent to1/7. (Click all that apply.)
Alchen [17]

Answer:

2/14, 4/28, 5/35, 7/70 or just 2/14

Step-by-step explanation:

Multiply both the numerator and denominator of 1/7 by 2, to get 2/14, or 2:14

And multiply the numerator and denominator of 1/7 by 3, to get 3/21, or 3:21. So 2:14 and 3:21 are two ratios that are equal to 1:7.

8 0
3 years ago
In 2003, the annual sales at a company are $372,000. If sales are increasing at a rate
Otrada [13]

Answer:

20 years

Step-by-step explanation:

We start by writing an exponential equation;

FV = PV( 1 + r)^t

FV is the future value = 1,000,000

PV is present value = 372,000

r is rate = 5% = 5/100 = 0.05

t is time which we are looking for

1,000,000 = 372,000(1 + 0.05)^t

1.05^t = 1,000,000/372,000

1.05^t = 2.688

t ln 1.05 = ln 2.688

t = ln 2.688/ln 1.05

t = 20 years

3 0
2 years ago
Luisa solves for x in the equation 9(1/3) + 8x = 4( 2x + 3/4)
Maru [420]

Answer:

x = all real numbers because this equation is an identity

Step-by-step explanation:

9 (1/3) = 9*1/3 = 3

3 + 8x = 4(2x + 3/4)

3 + 8x = 8x + 3

x = all real numbers because this equation is an identity

7 0
2 years ago
Read 2 more answers
A researcher found that the sea level rose 1 5 of a centimeter in 2 3 of a year. At what rate did the sea level rise? A) 2 5 cen
Ksenya-84 [330]
D) 3/10 per cen. year
4 0
3 years ago
Read 2 more answers
You purchased a vehicle for 32,000. It's value will depreciate at a rate of 18.62%. What will it's value be in 5 years, when you
Len [333]

Answer:

F = $11,421.90

Final value after 5 years F = $11,421.90

Complete question;

You purchased a vehicle for $32,000. It's value will depreciate at a rate of 18.62%. What will it's value be in 5 years, when you finally have it paid off

Step-by-step explanation:

Given;

Initial value P = $32,000

Depreciation rate r = 18.62% = 0.1862

Time t = 5

Final value = F

Using the compound depreciation formula;

F = P(1 - r)^t

Substituting the values;

F = $32,000(1 - 0.1862)^5

F = $11,421.90

Final value F = $11,421.90

8 0
3 years ago
Read 2 more answers
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