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mina [271]
3 years ago
6

Isabella invested $1300 in an account that pays 4.5% compounded annually. Assuming no deposits or withdrawals are made , find ho

w much money Isabella would have in the account 14 years after her initial investment . Round to the nearest tenth.
Mathematics
1 answer:
kobusy [5.1K]3 years ago
6 0

Answer:

FV= $2,407.53

Step-by-step explanation:

Giving the following information:

Present Value (PV)= 1,300

Interest rate (i)= 4.5% = 0.045

Number of periods (n)= 14 years

<u>To calculate the future value (FV) of the initial investment after 14 years, we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 1,300*(1.045^14)

FV= $2,407.53

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likoan [24]

Answer:

a) -7/9

b) 16 / (n² + 15n + 56)

c) 1

Step-by-step explanation:

When n = 1, there is only one term in the series, so a₁ = s₁.

a₁ = (1 − 8) / (1 + 8)

a₁ = -7/9

The sum of the first n terms is equal to the sum of the first n−1 terms plus the nth term.

sₙ = sₙ₋₁ + aₙ

(n − 8) / (n + 8) = (n − 1 − 8) / (n − 1 + 8) + aₙ

(n − 8) / (n + 8) = (n − 9) / (n + 7) + aₙ

aₙ = (n − 8) / (n + 8) − (n − 9) / (n + 7)

If you wish, you can simplify by finding the common denominator.

aₙ = [(n − 8) (n + 7) − (n − 9) (n + 8)] / [(n + 8) (n + 7)]

aₙ = [n² − n − 56 − (n² − n − 72)] / (n² + 15n + 56)

aₙ = 16 / (n² + 15n + 56)

The infinite sum is:

∑₁°° aₙ = lim(n→∞) sₙ

∑₁°° aₙ = lim(n→∞) (n − 8) / (n + 8)

∑₁°° aₙ = 1

8 0
3 years ago
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Step-by-step explanation:

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First of all we have to find the slope


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Step-by-step explanation:

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