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Ugo [173]
3 years ago
10

Katherine invested $86,000 in an account paying an interest rate of 52%

Mathematics
1 answer:
earnstyle [38]3 years ago
5 0

Answer: $4,331‬

Step-by-step explanation:

I will assume that the question meant 5.2% not 52% as this is quite excessive.

Katherine after 13 years.

Convert the variables;

n = 13 years = 13 * 365 = ‭4,745‬ days

r = 5.2% = 5.2/365 = 5.2/365%

Future value = P * ( 1 + r)^n

= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵

= $169,068

Michael after 13 years;

If compounded continuously, the formula is;

Future value = Pe^rt

= 86,000 * e⁰.⁰⁵ ˣ ¹³

= $164,737

Difference = 169,068 - 164,737

= $4,331‬

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Answer:

Step-by-step explanation:

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A square hold all these properties. A square is  a rectangle.

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6 0
3 years ago
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Artificial Intelligence (AI) is not a new phenomenon, but it is still a growing concern for many industries. While the human element remains the most important factor in most businesses, the accounting industry is not exempt from the threat of new technologies. If you were the owner of a medium to a large company, how could you use new technologies such as AI to support your daily operations? Select and discuss one of the options below.

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6 0
3 years ago
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atroni [7]

Answer:

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Step-by-step explanation:

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Hope this helped.

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GREYUIT [131]
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