Solve the problem.A deposit of $8000 is made in an account that earns 6% interest compounded quarterly. The balance in the account after n quarters is given by the sequence an = 8000
n, n = 1, 2, 3, ...Find the balance in the account after 5 years.
A. $8618.27
B. $5500.28
C. $10,774.84
D. $6734.28
Answer: C
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Use the graph to find a ? > 0 such that for all x, 0 < < ? ?
< ?.
A. 0.1 B. 5.7 C. -0.3 D. 0.3
Solve the problem.Charles wants to retire in 17 years. At that time he wants to be able to withdraw $22,000 at the end of each year for 19 years. Assume that money can be deposited at 12% per year compounded annually. What exact amount will Charles need in 17 years?
A. $164,327.68 B. $204,619.58 C. $162,047.16 D. $159,492.74
Use a graphing utility to graph the function over the indicated interval and approximate any local maxima and local minima. If necessary, round answers to two decimal places.f(x) = x4 - 5x3 + 3x2 + 9x - 3; (-5, 5)
A. local minimum at (-0.57, -6.12) local maximum at (1.32, 5.64) local minimum at (3, -3) B. local minimum at (-3, -3) local maximum at (-1.32, 5.64) local minimum at (0.57, -6.12) C. local minimum at (-0.61, -5.64) local maximum at (1.41, 6.12) local minimum at (3, -3) D. local minimum at (-1, -6) local maximum at (1, 6) local minimum at (3, -3)
Estimate the sum or difference by rounding each number to the nearest hundred. 5,129 7,985+ 3,942
A. 17,100 B. 16,000 C. 18,000 D. 17,000