Mathematics: You invest $2000 in an account at 4.5% per year simple interest. how much will you have in the account at the beginning of the 8th year? round your answer to the nearest whole dollar.

You invest $2000 in an account at 4.5% per year

Ответ:

vlarocca17

12.03.2022

Mathematics

I will have $2721 at the beginning of the eighth year.

The beginning of the eighth year is the end of seven years of investing.

The formula for the future value (FV) of my investment is

FV = C(1 + r)^n

where C = my initial cash

r = the interest rate

n = the number of years

FV = $2000(1.045)^7 = $2722

0,0(0 оценок)

Ответ:

kenken2583

23.12.2020

Mathematics

Suppose the length needed to cut off as x
set quadratic equations and use the pythagorean identity (21-x)^2+(42-X) ^2=(45-x)^2
expand and distribute both sides to get quadratic equation x^2-36x+180=0, and find x to be 6cm

0,0(0 оценок)

You invest $2000 in an account at 4.5% per year simple interest. how much will you have in the account at the beginning of the 8th year? round your answer to the nearest whole dollar.

Ответ:

Ответ:

Ask your question to the AI advisor

More tips

Answers on questions: Mathematics

Ask an AI advisor a question