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3 years ago

After how many years, to the nearest whole year, will an investment of $100,000 compounded quarterly at 4% be worth

Mathematics

1 answer:

Irina-Kira [14]3 years ago

5 0

9514 1404 393

Answer:

19 years

Step-by-step explanation:

The compound interest formula tells you the future value of principal P invested at annual rate r compounded n times per year for t years is ...

A = P(1 +r/n)^(nt)

Solving for t, we get ...

t = log(A/P)/(n·log(1 +r/n))

Using the given values, we find t to be ...

t = log(2.13022)/(4·log(1 +0.04/4)) ≈ 19.000

The investment will be worth $213,022 after 19 years.

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Please answer and explain.

djyliett [7]

Answer:

x = 13

Step-by-step explanation:

The sum of the exterior angles of a 4 sided polygon is 360

139+ 6x+9x+2x = 360

Combine like terms

139+17x=360

Subtract 139 from each side

17x = 360-139

17x = 221

Divide each side by 17

17x/17 = 221/17

x = 13

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2 years ago

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ELEN [110]

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3 years ago

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DanielleElmas [232]

Answer:

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Step-by-step explanation:

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3 years ago

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Step-by-step explanation:

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