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Alex_Xolod [135]
3 years ago
15

Austin is going to invest in an account paying an interest rate of 2.2% compounded daily. How much would Austin need to invest,

to the nearest hundred dollars, for the value of the account to reach $27,000 in 6 years?
Mathematics
1 answer:
Korolek [52]3 years ago
5 0

Answer:

  $23,700

Step-by-step explanation:

The compound interest formula can be helpful for this. Fill in the given values and solve for the unknown.

  FV = P(1 +r/n)^(nt)

where r is the annual interest rate, n is the number of times interest is compounded in a year, t is the number of years, P is the amount invested, and  FV is the future value of that investment.

  $27,000 = P(1 +0.022/365)^(365·6) = 1.1411037P

  P ≈ $23,700

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soldier1979 [14.2K]

Answer:

The answer is B. 4,7.5,8

Step-by-step explanation:

Becouse A and C Both of them is Right-angled triangle and D is Obtuse triangle

7 0
2 years ago
An equation that represents the path of a diver jumping off a diving board is y = –7x2 + 5x + 16. Graph this function from the p
ANTONII [103]

Answer:

See explanation

Step-by-step explanation:

An equation that represents the path of a diver jumping off a diving board is

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The diver jumped to the water when x = 0.

Then

y=-7\cdot 0^2+5\cdot 0+16=16

The jumper reached the water when y = 0, then

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3 years ago
Can someone help please help sorry I know it’s easy but ......
NARA [144]

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standard

Step-by-step explanation:

4 0
2 years ago
Which possibly forms a triangle
svp [43]

Answer:

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Step-by-step explanation:

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Then, multiply this value by the cost per gallon:

30 x $1.15 = $34.50

4 0
3 years ago
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