contestada


Suppose you invest $ 2,000 at 45% Interest
compounded daily. F(t) represents value of investments
in t years
A) Find equation For F(+)
B) use equation to find how much account will
be worth in 30 years round to nearest cent
C) How much you should invest now in
order to have 14.000 in 9 years round to the nearest cent

Respuesta :

FaithCreed98

Answer:

You will have $29,000 in 30 years, and you need to start with about $2,772.28 to make $14,000 in 9 years

Step-by-step explanation:

To find the total investment use the equation [tex]A = P(1 + rt)[/tex]

Where A equals total investment, P is your start investment, r is your rate, and t is time.

[tex]A=2,000(1+(0.45 * 30))[/tex]

[tex]A=2,000(1+13.5)[/tex]

[tex]A=2,000*14.5[/tex]

[tex]A=29,000[/tex]

To find the start investment use the equation [tex]P = A / (1 + rt)[/tex]

[tex]P=14,000/(1+(0.45*9))[/tex]

[tex]P=14,000/(1+4.05)[/tex]

[tex]P=14,000/5.05[/tex]

[tex]P=2,772.28[/tex]