Mathematics: Mrs. stevens wants to have 18,000 in the bank in 3 years. if she deposits $9500 today at 4% compounded quarterly for 3 years, how much additional money will she need to add after 3 years to her investment to make her balance $18000

Mrs. stevens wants to have 18,000 in the bank in

Ответ:

isaiahb30

03.01.2022

$\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$9500\\
r=rate\to 4\%\to \frac{4}{100}\to &0.04\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly means}
\end{array}\to &4\\

t=years\to &3
\end{cases}
\\\\\\
A=9500\left(1+\frac{0.04}{4}\right)^{4\cdot 3}
\\\\\\
\textit{the difference willl then be}\qquad 18000 - A$

and 18000 - A is how much more she needs to make 18000

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Ответ:

alejandra340

06.03.2022

Mathematics

Step-by-step explanation:

All triangle side lengths add up to 180°, so if you add 70+50 which = 120, then subtract 120 from 180 to get 60

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Mrs. stevens wants to have 18,000 in the bank in 3 years. if she deposits $9500 today at 4% compounded quarterly for 3 years, how much additional money will she need to add after 3 years to her investment to make her balance $18000

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