Solve the problem.The amount of money in an account is given by
where P is the principal invested, r is the interest rate (as a decimal), and t is the time of the investment. Find the amount at the end of 2 years if $600 is invested at 5%. Round to the nearest cent.
A. $1,350.00
B. $630.00
C. $900.00
D. $661.50
Answer: D
Mathematics
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Solve using the formula for the future value of an ordinary annuity.Given the monthly payment, R, the annual interest rate, r, and the number of monthly payments, nt, find the future value of the annuity.R = $1300; r = 8.5%; nt = 17
A. $24,198.38 B. $23,397.81 C. $17,548.36 D. $24,398.04
Mathematics
Evaluate the integral.
A. ?2
B. ?
C. ?2
D. ?
Mathematics
Find a mathematical model representing the statement. (Determine the constant of proportionality.) ? v varies jointly as p and q and inversely as the square of s. (? = 1.4 when p = 4.4, q = 7.3 ands = 1.8.) ?
A.
?
B.
C.
D.
E.
Mathematics
Determine whether the given matrix is stochastic.
Mathematics