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Licemer1 [7]
2 years ago
14

help Emma is going to invest in an account paying an interest rate of 2.6% compounded quarterly. How much would Emma need to inv

est, to the nearest cent, for the value of the account to reach $66,000 in 7 years?
Mathematics
1 answer:
iragen [17]2 years ago
3 0

Emma needs to invest $55,050.14.

<h3><u>Compound interest </u></h3>

Given that Emma is going to invest in an account paying an interest rate of 2.6% compounded quarterly, to determine how much would Emma need to invest, to the nearest cent, for the value of the account to reach $66,000 in 7 years, you should perform the following calculation:

  • Principal amount x (1 + rate / number of annual compositions)^(years x number of annual compositions) = Interest
  • X x (1 + 0.026/4)^(7x4) = 66000
  • x x (1 + 0.0065)^28 = 66000
  • x x 1.0065^28 = 66000
  • x x 1.198907 = 66000
  • X = 66000 / 1.198907
  • X = 55050.14

Therefore, Emma needs to invest $55,050.14.

Learn more about compound interest in brainly.com/question/7420113

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4 0
3 years ago
A hot air balloon rising vertically is tracked by an observer located 5 miles from the lift-off point. At a certain moment, the
Zigmanuir [339]

Answer:

Step-by-step explanation:

aThe person and the hot air balloon form a right triangle, with the lift-off point as the vertex that form the right angle. If you were to try to solve for the height of the balloon, you would need to use tangent to do so:

tanθ = opp/adj = y/x

y = xtanθ

What this problem ultimately wants to know, is how the distance of the balloon is changing with respect to time: dy/dt. So we need to take the derivative of the above equation (you need to product rule to do so):

dy/dt = (dx/dt)tanθ + xsec2θ(dθ/dt)

We need to find out values for all of the variables:

The observer is not moving, therefore dx/dt = 0.

The observer is standing 4 miles away from the lift-off point, so x = 4.

The angle between the horizontal and the observer's line of sight is π/3, therefore θ = π/3.

The rate of change for the angle, dθ/dt, is 0.1.

Just plug all the numbers in:

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2 years ago
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Answer:

f(x)=-x+3

Step-by-step explanation:

contains (0, 3) and (3, 0)

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Answer:

2a²

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Lets deal with the top of the fraction first:

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Rearrange it so you have numbers beside numbers and 'a's beside 'a's:

(4x3)x(axa³)

12x(a⁴) <em>(because nᵃxnᵇ=nᵃ⁺ᵇ)</em>

12a⁴

Now, instead of (4ax3a³)/6a², we have 12a⁴/6a²

First divide the numbers: 12/6 =2

Now divide the 'a' parts: a⁴/a²=a² <em>(because nᵃ/nᵇ=nᵃ⁻ᵇ)</em>

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