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wlad13 [49]
3 years ago
11

Help me please!!!!!!!!!!?!?!?!?!?!?!?!?!?!?!?!

Mathematics
2 answers:
FrozenT [24]3 years ago
6 0

Answer:

A

Step-by-step explanation:

slava [35]3 years ago
5 0
The answer is A. hope this helps!!
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A bank features a savings account that has an annual percentage rate of r=5.2% with interest compounded quarterly. Marcus deposi
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Answer:

Part A)

P=\$8,500\\ r=0.052\\n=4  

Part B) S(7)=\$12,203.47  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

S(t)=P(1+\frac{r}{n})^{nt}  

where  

S is the Future Value  

P is the Present Value  

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n is the number of times interest is compounded per year

Part A)

in this problem we have  

P=\$8,500\\ r=5.2\%=5.2/100=0.052\\n=4  

Part B) How much money will Marcus have in the account in 7 years?

we have

t=7\ years\\ P=\$8,500\\ r=0.052\\n=4  

substitute in the formula above  

S(7)=8,500(1+\frac{0.052}{4})^{4*7}  

S(7)=8,500(1.013)^{28}  

S(7)=\$12,203.47  

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It took Peter 3 hours to drive to his friend in Connecticut when he was driving with the average speed 54 mph. How much time wil
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