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Dafna11 [192]
2 years ago
10

Maria has decided to invest to help with her retirement savings. How much would she have to invest to have $113,400 after 20 yea

rs, assuming an interest rate of 3.57% compounded annually?
Do not round any intermediate computations, and round your final answer to the nearest dollar.

Mathematics
1 answer:
Ipatiy [6.2K]2 years ago
5 0

Answer:

$56,226

Step-by-step explanation:

x = investment

Earning interest of 3.57% is the equivalent of multiplying the initial balance (investment) by 1.0357;

Over 20 years, the new balance can be found by multiplying the initial balance by (1.0357)²⁰;

We can formulate an equation to solve to get the initial investment:

x(1.0357)²⁰ = 113400

(2.01687752)x = 113400

x = ¹¹³⁴⁰⁰/₍₂.₀₁₆...₎

x = 56225.5263 → 56226

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One zero of the polynomial function f(x) = x3 − 9x2 + 20x is x = 0. What are the zeros of the polynomial function? 0, −5, −4 0,
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Answer:

Step-by-step explanation:

As x = 0 is a zero, (x + 0) is a factor.

Dividing the equation by (x + 0) leaves x² - 9x + 20.

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Answer:

The 95% confidence interval of the proportion of all adults that have high blood pressure is 0.17059 < \hat{p} < 0.314695

Step-by-step explanation:

The confidence interval for a proportion is given by the following formula;

CI=\hat{p}\pm z\times \sqrt{\frac{\hat{p}(1-\hat{p})}{n}}

Where:

x = 33

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Plugging in the values, we have;

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Which gives;

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Hence the 95% confidence interval of the proportion of all adults that have high blood pressure = 0.17059 < \hat{p} < 0.314695

From the above we have;

23.2 < x < 42.798

Since we are dealing with people, we round down as follows;

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