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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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telo118 [61]

Answer:

\huge\boxed{\sf A = 78.5\ ft\²}

Step-by-step explanation:

Circumference = C = 31.4 ft

We know that,

<h3>C = 2πr</h3>

Where, r is the radius

31.4 = 2(3.14)r

31.4 = 6.28(r)

Divide 6.28 to both sides

31.4/6.28 = r

5 ft. = r

<h3>r = 5 ft.</h3>

Now,

<h3><u>Finding area:</u></h3>

A = πr²

A = (3.14)(5)²

A = (3.14)(25)

<h3>A = 78.5 ft²</h3>

\rule[225]{225}{2}

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2 years ago
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Answer:

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Step-by-step explanation:

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This is because the total angle measure of line RD should be 180 degrees.

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3 years ago
You want to buy a pet rabbit that costs ​$242. You already have ​$62 and you plan to save ​$12 per week. If w represents the num
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How do i write this ?
Makovka662 [10]

Answer:

1\frac{5}{9\\}

Step-by-step explanation:

When turning remainders into mixed numbers remember Place the remainder as the numerator, or the top number, in your fraction. Put the divisor on the bottom of the fraction, or the denominator.

Proceed to check your work :)

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Carlo buys $14.40 worth of grapefruit. Each grapefruit costs $0.80.<br> how many does he have
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Answer:

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$14.40 divided by 0.80= 18

ANSWER: 18

Step-by-step explanation:

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