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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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3 years ago
A cyclist estimates that he will bike 80 miles this week. He actually bikes 75.5 miles. What is the percent error of the cyclist
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Answer:

<em>The percent error of the cyclist's estimate is 5.63%</em>

Step-by-step explanation:

<u>Percentages</u>

The cyclist estimates he will bike 80 miles this week, but he really bikes 75.5 miles.

The error of his estimate in miles can be calculated as the difference between his estimate and the real outcome:

Error = 80 miles - 75.5 miles = 4.5 miles

To calculate the error as a percent, we divide that quantity by the original estimate and multiply by 100%:

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Rounding to the nearest hundredth:

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3 years ago
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3 years ago
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Answer:

Nothing further can be done with this topic. Please check the expression entered or try another topic.

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The sum of twelve and a number is no greater than sum of twice the number and -8
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1. Write as an algebraic equation:

12 + n ≤ 2n - 8

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n ≥ 20

FINAL ANSWER: n ≥ 20

Hope this helps! Feel free to ask for clarification.
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