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Leno4ka [110]
3 years ago
8

You would to have $800 saved after 2 years. If you put your money into an account that compounds annually and earns 1.8% annual

interest, how much should you put into the account?
Mathematics
2 answers:
Elan Coil [88]3 years ago
4 0

Answer:

$772

Step-by-step explanation:

Set it up as

772(1+0.018)^2

Comes out to $800.04

If you need further explanation tell me in comments

Juliette [100K]3 years ago
4 0

Answer:829

<h3><u><em>Step-by-step explanation: You would have 829$ because, Of the Number of years for this investment. Hope this helped. If not im sorry!</em></u></h3>

<u><em /></u>

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Complete question is;

Fred the ant is on the real number line, and Fred is trying to get to the point 0

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We can track the probabilities using the scenario that Ant gets to 0 after 1 steps, 2 steps, 3 steps, 4 steps, 5 steps and so on.

This gives us e_1 = 1(1/2^(1)) + 2(1/2²) + 3(1/2³) + 4(1/2⁴) + ...

By arithmetico-geometric series, which is given by;

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From the online calculator, i got;

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By arithmetico-geometric series, e_2 = 3,

Thus, (e_1,e_2) = (2,3).

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