Answer: 13
Step-by-step explanation:
See attached graph.
A third point (18,20) may be added to the two given points to form a right triangle with sides 5 and 12. The distance, x, between the original two points is given by x^2 = 5^2 + 12^2
x^2 = 25 + 144
X^2 = 169
x = 13
Answer:
Present value = $4,122.4
Accumulated amount = $4,742
Step-by-step explanation:
Data provided in the question:
Amount at the Start of money flow = $1,000
Increase in amount is exponentially at the rate of 5% per year
Time = 4 years
Interest rate = 3.5% compounded continuously
Now,
Accumulated Value of the money flow =
The present value of the money flow =
=
=
=
= 1000 × [70.7891 - 66.6667]
= $4,122.4
Accumulated interest =
=
= $4,742