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lisabon 2012 [21]
3 years ago
9

If you invest $7000 in an account that pays 6% interest compounded annually, what is the total amount of money that you would ha

ve at the end of 8 years?
Mathematics
1 answer:
blondinia [14]3 years ago
6 0

Answer:

FV= $11,156.94

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $7,000

Number of periods (n)= 8 years

Interest rate (i)= 6% compounded annually

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 7,000*(1.06^8)

FV= $11,156.94

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Find the slope of a line that passes through (-2,1) and (4,9)
melamori03 [73]

Answer:

m = 4/3

Step-by-step explanation:

To find the slope of a line use the formula, where "m" means slope:

m=\frac{y_{2}-y_{1} }{x_{2}-x_{1} }

*You don't need to show this part on paper*

Choose which point you want to be point 1 and point 2. Remember the points are written (x, y).

Point 1: (-2, 1)       x₁ = -2  y₁ = 1

Point 2: (4, 9)      x₂ = 4   y₂ = 9

Substitute the coordinates into the formula:

*Show this part on paper*

m=\frac{y_{2}-y_{1} }{x_{2}-x_{1} }

m=\frac{9-1 }{4-(-2) }         Simplify

m=\frac{8 }{6 }                Reduce by dividing by 2

m=\frac{4 }{3 }               Slope

The slope of the line is 4/3

8 0
2 years ago
What is the first step in evaluating the expression below?
Arada [10]

Answer:

add two and five is the first step beacuse there in ()

Step-by-step explanation:

5 0
2 years ago
Read 2 more answers
(s+12)+(-3s-8) equals?
finlep [7]

Answer:

-2s + 4

General Formulas and Concepts:

  • Combining like terms

Step-by-step explanation:

<u>Step 1: Define expression</u>

(s + 12) + (-3s - 8)

<u>Step 2: Simplify</u>

  1. Combine like terms (s):                    -2s + 12 - 8
  2. Combine like terms (constants):      -2s + 4
4 0
3 years ago
PLEASEEEEE HELP MEEEEEE!! ILL GIVE BRAINLIEST + POINTSSS!! :)
Anton [14]

The probability of “landing” in the shaded region to the nearest hundredth is equal to 0.79 or 79.0%.

<h3>How to determine the probability?</h3>

First of all, we would determine the area of the given geometric shapes.

For the square, we have:

Mathematically, the area of a square can be calculated by using this formula;

Area = x²

Area = 50²

Area = 2500 ft².

For the circle, we have:

Mathematically, the area of a circle can be calculated by using this formula;

Area = πd²/4

Area = (3.142 × 50²)/4

Area = 1,963.75 ft².

Now, we can determine the probability as follows:

Probability = 1963.75/2500

Probability = 0.79 or 79.0%.

<h3>When the side length is 40 ft.</h3>

Area = x²

Area = 40²

Area = 1600 ft².

For the circle, we have:

Area = πd²/4

Area = (3.142 × 40²)/4

Area = 1256.8 ft².

Probability = 1256.8/1600

Probability = 0.79 or 79.0%.

Read more on probability here: brainly.com/question/24441555

#SPJ1

8 0
2 years ago
The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond
AURORKA [14]

Answer / Step-by-step explanation:

(a) The rate of return you expect to earn if you purchase a bond and hold it until maturity is the YTM.

If we recall the bond price equation for this bond is, we have

P0 = $1,060 = $100(PVIFAR%,21) + $1,000(PVIFR%,21)

Using a spreadsheet, financial calculator, or trial and error we find:

R = YTM = 9.42%

b) To find our HPY, we need to find the price of the bond in two years. The price of the bond in two years at the new interest rate, will be:

P2 = $100 (PVIFA 8.42%,17) + $1,000(PVIF 8.42%,17)

Therefore,  P2 = $1,139.6

(b2) To calculate the HPY, we need to find the interest rate that equates the price we paid for the bond with the cash flows we received. The cash flows we received were $100 each year for two years and the price of the bond when we sold it. The equation to find our HPY is therefore:

P0 = $1,060 = $100(PVIFAR%, 2) + $1,139.69(PVIFR%, 2)

Solving for R, we get:

R = HPY = 13.52%

Therefore,  the realized HPY is greater than the expected YTM when the bond was bought because interest rates dropped by 1 percent; bond prices rise when yields fall.

8 0
2 years ago
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