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Firdavs [7]
2 years ago
15

A principal of $2400 is invested at 7.25% Interest, compounded annually. How much will the investment be worth after 13 years?

Mathematics
1 answer:
skelet666 [1.2K]2 years ago
7 0

Answer:

Step-by-step explanation:

70000

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What is the area of composite figure
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8 0
3 years ago
A cone has a volume of 5 cubic inches. What is the volume of a cylinder that the cone fits exactly inside of?
zysi [14]
Volume of a cone=(1/3)πr²h
Volume of a cylinder=πr²h

The cone has the same radius (r) and height than the cylinder that the cone fits exactly inside of.

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Volume of a cone=5 in³
Then:
(1/3)πr²h=5 in³
πr²h=3(5 in³)
πr²h=15 in³   (remember: volume of a cylinder=πr²h)

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5 0
3 years ago
Mitch completes the course and his boss promotes him. Mitch receives a 25% increase on his previous pay of $40 000 per year afte
kolezko [41]

Before her promotion, Mitch was receiving $40,000 per year after tax. Since the loan payment is 4%, therefore the money that goes to the loan is:

Loan payment = $40,000 * 0.04

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New loan payment = $50,000 * 0.04

New loan payment = $2,000

 

Therefore Mitch is paying an extra payment of:

$2,000 - $1,600 = $400

 

Answer: $400

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3 years ago
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