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Finger [1]
2 years ago
10

4400 dollars is placed in an account with an annual interest rate of 8.25%.how much will be in the account after 22 years, to th

e nearest cent?
Mathematics
1 answer:
iVinArrow [24]2 years ago
6 0

Answer:

Future Value = $2,516,900 cent

Step-by-step explanation:

Here, we're to calculate future values;

Given the following parameters

Investment = $4,400

Interest Rate = 8.25%

Time = 22 years

Amount = ?

Future Value is calculated using the following formula;.

Future Value = Investment * (1 + Interest Rate)^time

Substitute each value;

Future Value = $4,400 * ( 1 + 8.25%)^22

Future Value = $4,400 * (1 + 0.0825)^22

Future Value = $25169.036295801178201749433678664198539199704088854443412123828238691203296184539794921875

Future Value = $25169 --- Approximated

Convert to Cent

Future value = $25,169 * 100 cent/$

Future Value = $2,516,900 cent

Hence, $2,516,900 cent will be in the account after 22 years

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gizmo_the_mogwai [7]
<h3>Answer:  56/65</h3>

Work Shown:

sin(angle) = opposite/hypotenuse

sin(F) = EG/FE

sin(F) = 56/65

Refer to the diagram below.

5 0
2 years ago
PLEASE HELP!! laboratory tests show that the lives of light bulbs are normally distributed with a mean of 750 hours and a standa
Lunna [17]

Answer:

P = 0.0215 = 2.15%

Step-by-step explanation:

First we need to convert the values of 900 and 975 to standard scores using the equation:

z = \frac{x - \mu}{\sigma}

Where z is the standard value, x is the original value, \mu is the mean and \sigma is the standard deviation. So we have that:

standard value of 900: z = \frac{900 - 750}{75} = 2

standard value of 975: z = \frac{975 - 750}{75} = 3

Now, we just need to look at the standard distribution table (z-table) for the values of z = 2 and z = 3:

z = 2 -> p_2 = 0.9772

z = 3 -> p_3 = 0.9987

We want the interval between 900 and 975 hours, so we need the interval between z = 2 and z = 3, so we just need to subtract their p-values:

P = p_3 - p_2 = 0.9987 - 0.9772 = 0.0215

So the probability is 0.0215 = 2.15%

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2 years ago
A clothing store is analyzing merchandise prices to help make decisions on what to charge for clothing on clearance. The store o
Aleks [24]

The variable is Quantitative, has Interval level of measurement.

Variables which can be quantified & expressed numerically are Quantitative variables. Eg : as given , price

Variables which cant be qualified & expressed numerically are Qualitative variables. Eg : level of honesty, loyalty etc

Nominal & Ordinal are qualitative variables : signifying yes or no to a category (like men or women) , or ranks (x better than y) respectively. So price level is not such categorical & ordinal ratio.

Quantitative ratio variables are with reference to time , or are in forms of rate (like speed , growth per year). So, price level is not such ratio variable also.

Price is a quantitative variable, in which the ranking, its difference can be calculated. This is characteristic of a <u>Quantitative Interval Variable</u>.

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2 years ago
A cell phone company is looking to place a new tower to service 3 cities. In order for it to best service each city, it needs to
omeli [17]

Answer:

  • circumscribed circle
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Step-by-step explanation:

The circumscribed circle or <em>circumcircle</em> of a polygon is a circle that passes through all the vertices of the polygon. The center of the circle, the circumcenter, is equidistant from all of the polygon's vertices.

The center is found at the point of intersection between the perpendicular bisectors of any two (non-parallel) chords of the circle. That is, <em>the perpendicular bisectors of any two of the sides of the triangle joining the cities will intersect at the circumcenter</em>.

The method of locating the center of the circle this way is simple and effective.

7 0
2 years ago
Graph the linear equation. Find three points that solve the equation, then plot on the graph. -3y=x-6
nata0808 [166]

Answer:

Step-by-step explanation:                               x - 6

The given equation can be re-written as y = ---------                              

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Arbitrarily choose x = 0.  Then:

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y = --------- = ----------- = 2, so (0, 2) is a point on the graph which is also the                              

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arbitrarily choose x = 12.  Then y = (12 - 6) / (-3) = -2.  Then  (12, -2) is            

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6 0
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