1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A linear function has an x-intercept of 12 and a slope of 3/8. How does this
Alekssandra [29.7K]

Answer:

O It has the same slope and a different y-intercept.

Step-by-step explanation:

y = mx + b

m = 3/8

b = 12

y = (3/8)x + 12

---

Data in the table:  slope is the rise (y) over the run (x) between two points (assuming the data represent a linear line).

 Change in x and y between two points.  I'll choose (-2/3,-3/4) and (1/3,-3/8).

Change in y:  (-3/8 - (-3/4)) = (-3/8 - (-6/8))  =  3/8

Change in x:  (1/3 - (-2/3)) = (1/3+2/3) = 3/3 = 1

Slope = (Change in y)/(Change in x) = (3/8)/1 = 3/8

The slope of the equation is the same as the data in the table.

Now let's determine if the y-intercept is also the same (12).  The equation for the data table is y = (2/3)x + b, and we want to find b.  Enter any of the data points for x and y and then solve for b.  I'll use (-2/3, -3/4)

y = (3/8)x + b

Use (-2/3, -3/4)

-3/4 =- (3/8)(-2/3) + b

-3/4 = (-6/24) + b

b = -(3/4) + (6/24)

b = -(9/12) + (3/12)

b = -(6/12)

b = -(1/2)

The equation of the line formed by the data table is y = (3/8)x -(1/2)

Therefore, It has the same slope and a different y-intercept.

5 0
2 years ago
Ann rolls a 6 sided number cube and then chooses a card from a set numbered 1 through 9. What is the probability that she will r
Licemer1 [7]
5/9 to chose odd card, 3/6 to roll even number
6 0
3 years ago
Is it weird i got through middle school without knowing how to solve shape degrees?
AnnyKZ [126]

Answer:

no

Step-by-step explanation:

most people go through mid school cheating

5 0
2 years ago
Read 2 more answers
Which is the correct solution to ‐3x<21?
elena-s [515]
Top right
this is because, when dividing an inequality by a negative number, you must flip the inequality sign

-3x < 21
x > -7
8 0
2 years ago
Read 2 more answers
Use the zero product property to find the solutions to the equation x^2-15x-100=0
7nadin3 [17]

Answer:

x = 20 or x = -5

Step-by-step explanation:

To solve the quadratic equation we must factor the expression

Look for 2 numbers that when you multiply them, obtain the result -100 and when you add them, obtain the result -15.

You can verify that these numbers are -20 and 5

-20 +5 = -15\\\\-20 * 5 = -100

Then the polynomial factors are

(x-20) (x + 5) = 0

 The zero product property says that if two terms a * b = 0 then

a = 0 or b = 0

So

(x-20) = 0 or (x + 5) = 0

x = 20 or x = -5

6 0
3 years ago
Read 2 more answers
Other questions:
  • I really need help pls<br> Thanks
    8·1 answer
  • The formula P = 21 + 2w means that the perimeter of a rectangle is equal to twice the sum of its length and its width
    11·1 answer
  • Angle B=25 Angle C=90 Line segment BC=5 what is the length of CA?
    6·1 answer
  • Ommy Teacher wants to analyze the weights of the students at his school. He knows the weight of the students is normally distrib
    13·1 answer
  • What is your estimate for the total amount of time students in your school spent during this past semester studying for final ex
    6·1 answer
  • Two angles are complementary. If the measure of one angle is twice the measure of the other angle, what is the measure of the la
    7·2 answers
  • The APR of Percy’s savings account is 4.4%, and interest is compounded monthly. If the principal in Percy’s savings account were
    12·1 answer
  • What is the value of tan(60°)?
    11·1 answer
  • Any answers to 1/5 divided by 1/4
    8·2 answers
  • Choose the model for the problem 2/3 divided by 2.<br> 4/6<br> 1/6<br> 1/3<br> 2/3
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!