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timurjin [86]
3 years ago
13

V5. Suppose you invest $5,000 at 9% interest, compounded annually, for 10 years. Determine the future value of your investment,

using the compound interest formula.
Mathematics
1 answer:
Elanso [62]3 years ago
4 0

Answer: $11836.8

Step-by-step explanation:

Given. That :

Amount invested = $5000

Interest rate = 9% = 0.09

Period = 10 years, compounded annually

Using the compound interest formula :

A = p(1 + r/n)^nt

A = final amount

P = principal or invested amount

r = rate of interest

n = number of times interest Is applied per period

t = period

A = 5000(1 + 0.09/1)^(1*10)

A = 5000(1.09)^10

A = 5000 * 2.36736367459211723401

A = 11836.81837296058617005

= $11836.8

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guajiro [1.7K]
For the answer to the question above,
In 1 minute, bison runs 3520 feet
In 60 minutes, the bison would run
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211200 feet per hour.
These are equivalent to;
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The bison is faster by 10 miles per hour
Then If you convert the bison's speed to mph you get that it can run at speeds up to 40 mph.

I got this by seeing how many feet that they run in one hour so 3520 x 60 is 211200 which divided by 5280 is 40 mph.

I hope my answer helped.
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3 years ago
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Answer:

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