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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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3 years ago

What is the image of (−4,−12) after a dilation by a scale factor of 1/4 centered at the origin?

Rama09 [41]

Answer:

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3 years ago

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Hatshy [7]

꙰ Hello there mohammedsaquibali45 ! My Name is ⚝Tobie⚝ and I'm glad you asked! Let me walk you step by step in order to comprehend the question better! ꙰

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8 0

3 years ago

The winner of a 100 mile race drove his car to victory at a rate of 120.1229 mph. What was his time to the nearest thousandth of

Zigmanuir [339]

Answer:

$t=1.201\ \text{hour}$

Step-by-step explanation:

Given that,

Distance, d = 100 mile

Velocity of the winner, v = 120.1229 mph

We know that velocity of an object is equal to distance per unit time. Let t is the time. So,

$v=\dfrac{d}{t}\\\\t=\dfrac{d}{v}\\\\t=\dfrac{120.1229}{100 }\\\\t=1.201229\ \text{hour}\\\\\text{Round to the nearest thousandth}\\\\t=1.201\ \text{hour}$

Hence, 1.201 hour is taken by the winner.

8 0

3 years ago

Got time more on the way

kramer

Both a and b are correct

7 0

3 years ago