Answer:
A).Amount = $218250
B). Amount = $88700
Step-by-step explanation:
A) .$5000 in an account at age 23, and withdraw it 42 years
Number of years t= 42 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 42
A= p(1+r/n)^(nt)
A= 5000(1+0.09/42)^(42*42)
A= 5000(1+0.002143)^(1764)
A= 5000(1.002143)^1764
A= 5000(43.65)
A= 218250
Amount = $218250
B).waits 10 years before making the deposit, so that it stays in the account for only 32 years
Number of years t= 32 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 32
A= p(1+r/n)^(nt)
A= 5000(1+0.09/32)^(32*32)
A= A= 5000(1+0.0028125)^(1024)
A= 5000(1.0028125)^1024
A= 5000(17.74)
A= 88700
Amount = $88700
Answer:
below
Step-by-step explanation:
that is the procedure above
Answer:
3136
Step-by-step explanation:
Thats the answer please I don't have time to write the explanation
Answer:
3.28
Step-by-step explanation:
find the mean of all the numbers
3 + 8 + 10 + 12 + 15 = 48
48/5=9.6
so the mean of all the numbers is 9.6
now subtract 9.6 from all the numbers
|3 - 9.6| = 6.6
|8 - 9.6| = 1.6
|10 - 9.6| = .4
|12 - 9.6| = 2.4
|15 - 9.6| = 5.4
Find the mean/average of the new values
6.6 + 1.6 + .4 + 2.4 + 5.4 = 16.4
16.4/5 = 3.28
