Answer:
$2647.18
Step-by-step explanation:
Formula : ![A[\frac{1+(\frac{r}{n})^{n}-1 }{(\frac{r}{n} )}]](https://tex.z-dn.net/?f=A%5B%5Cfrac%7B1%2B%28%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bn%7D-1%20%7D%7B%28%5Cfrac%7Br%7D%7Bn%7D%20%29%7D%5D)
Future value = $43,000
r = rate of interest = 9% = 0.09
t = 3.5 years (compounded quarterly)
n = number of compounding (3.5 × 4) = 14
Now put the values into formula :
43000 = ![A[\frac{1+(\frac{0.09}{4})^{14}-1 }{(\frac{0.09}{4} )}]](https://tex.z-dn.net/?f=A%5B%5Cfrac%7B1%2B%28%5Cfrac%7B0.09%7D%7B4%7D%29%5E%7B14%7D-1%20%7D%7B%28%5Cfrac%7B0.09%7D%7B4%7D%20%29%7D%5D)
43000=A(
43,000 = A(16.243708)
A = 
A = $2,647.17883 ≈ $2647.18
Going out on a limb here and guessing that the function is
Please correct me if this isn't the case.
Recall that
which converges for
.
It follows that
Answer:
C & D
Step-by-step explanation:
x² + 3x - 3 = 0
a = co efficient of x² = 1
b= co efficient of x = 3
c = constant = -3
roots = (-b ± 
)/2a
= (-3±![\sqrt{3^{2}-4*1*[-3]}](https://tex.z-dn.net/?f=%5Csqrt%7B3%5E%7B2%7D-4%2A1%2A%5B-3%5D%7D)
)/2*1
= (-3±
)/2
= (-3±√21)/2
Answer:
A and B
Step-by-step explanation:
Answer:
$6 = cost of small box
$8 = cost of large box
Step-by-step explanation:
Let s = cost of small box
l = cost of large box
(1) 12s + 3l = 96 (2) 6s + 6l = 84
Multiply by -2 <u> -24s - 6l = -192</u>
-18s = - 108
s = $6 = cost of small box
12(6) + 3l = 96
72 + 3l = 96
3l = 24
l = $8 = cost of large box
