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alexdok [17]
3 years ago
14

HELP PLEASE! i don't understand this well so if someone could please list the answer and an explanation that would be great :)

Mathematics
1 answer:
Sliva [168]3 years ago
6 0

Answer: 44 I believe.

Step-by-step explanation: Please mark Brainiest if I'm right.

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Suppose you have $10,000 to invest. Which of the two rates would yield the larger amount in 4 years. 7% compounded quarterly or
GalinKa [24]
K=\$10,000\ \ \ and\ \ \ Sum=K\cdot(1+ \frac{p}{100})^n\\----------------------- \\1)\ \ \ 7\%\ quarterly\\\\ \ \Rightarrow\ \  \frac{1}{4} \cdot7\% =1.75\%\ \ annually\ \ \Rightarrow\ \ p=1.75\\\\ quarterly\ \Rightarrow\ \  4\ times\ annually\ \Rightarrow\ \ 16\ times\ in\ 4\ years\ \Rightarrow\ \ n=16\\\\Sum(7\%)=\$10,000\cdot(1+ \frac{1.75}{100})^{16}=\\ \\.\ \ \ \ \ \ \ \ \ \ \ \ =\$10,000\cdot(1+0,0175)^{16}\approx\$13199.29\\------------------------\\

2)\ \ \ 6.94\%\ daily\\\\ \ \Rightarrow\ \  \frac{1}{365} \cdot6.94\% \approx0.019\%\ \ annually\ \ \Rightarrow\ \ p=0.019\\\\ daily\ \Rightarrow\  365\ times\ annually\ \Rightarrow\ 1420\ times\ in\ 4\ years\ \Rightarrow\ n=1420\\\\Sum(6.94\%)=\$10,000\cdot(1+ \frac{0.019}{100})^{1420}=\\ \\.\ \ \ \ \ \ \ \ \ \ \ \ =\$10,000\cdot(1+0,00019)^{1420}\approx\$13096.69\\---------------------------\\\$13,199.29 > \$13,096.69\\\\Ans.\ the\ larger\ amount\ gives\ the\ compounded\ quarterly.
5 0
3 years ago
If your financial goal is to save at least $40,000 in 10 years, what would be the least
adoni [48]

<em><u>The least amount of money you would need to invest per month is; $335</u></em>

<em><u>The anticipated rate of return on your investments is; 7%</u></em>

<em><u /></em>

  • Amount to have been saved at the end of 10 years ≥ $40,000

Number of years of savings = 10 years.

  • We want to find out the least amount to be invested per month.

There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.

  • Thus, amount to be saved monthly = 40000/12 = $333.33
  • Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.

Thus;

Monthly savings ≈ $335

  • Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.

  • From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.

Read more at; brainly.com/question/9187598

4 0
2 years ago
If the total perimeter of the trail is 231ft, what is the length of the cave? (2 points)
valentinak56 [21]

Answer: yes it is indeed your very smart

8 0
2 years ago
Write the following equation in standard form: y + 4 = -3(x + 2)
Irina18 [472]

Answer:

-3x-y=10

Step-by-step explanation:

y+4=-3(x+2)

y+4=-3x-6

y=-3x-6-4

y=-3x-10

-3x-y=10

5 0
3 years ago
Please help just look at the pic
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Answer:

it wont let me see

Step-by-step explanation:

4 0
3 years ago
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