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Juli2301 [7.4K]
3 years ago
12

PLEASE HELP! Find the accumulated value of an investment of $17,000 at 6% compounded annually for 13 years. (Please show work th

o)
Mathematics
1 answer:
mihalych1998 [28]3 years ago
8 0

9514 1404 393

Answer:

  $36,259.78

Step-by-step explanation:

The formula for compound interest is ...

  A = P(1 +r/n)^(nt)

where principal P is invested at annual rate r for t years compounded n times per year.

Here, you have P = 17000, r = 0.06, n = 1, t = 13.

  A = 17000(1 +0.06)^13 = 17000(2.13292826) = 36,259.78

The accumulated value after 13 years is $36,259.78.

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Answer:

D. There is no mistake.

Step-by-step explanation:

The following lines show the process of factorization by using common factor.

<u>Line 1:</u>

In line 1, the equation is given and is completely fine.

y^{2}+8xy+2y+16x=0

The only thing missing was equate to zero, but the options below talk about correct factors only, therefore this can't be considered as a mistake and can be ignored completely.

<u>Line 2:</u>

In line 2, the terms are grouped, from which we can factor out common terms.

(y^{2}+8xy)+(2y+16x)=0

This is also fine.

<u>Line 3:</u>

In line 3, the common term y is taken out from group 1 and 2 from other group.

y(y+8x)+2(y+8x)=0

which is exactly what is given in line 3.

<u>Line 4:</u>

In line 4 the common factors can be seen and easily split into 2 factors.

(y+2)(y+8x)=0

which is exactly what is given in line 4.

Options:

A. The grouping is correct in line 2. So this option is does not hold.

B. Common factor was factored correctly from group 1. So this option does not hold.

C. Common factor was factored correctly from group 2. So this option does not hold.

D. There is no mistake. This is correct. Thus we choose this option as correct answer.

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my rank is expert

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