Solve the problem. When needed, use 365 days per year and 30 days per month.An initial investment of $14,000 is appreciated for 7 years in an account that earns 14% interest, compounded semiannually. Find the amount of money in the account at the end of the period.
A. $33,737.83
B. $35,031.76
C. $36,099.48
D. $22,099.48
Answer: C
Mathematics
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Perform the following operation and write the result in lowest terms. 50 - 21
A. 28
B. 21
C. 28
D. 21
Mathematics
Find the approximate annual percentage rate using the approximate annual percentage rate formula. Round to the nearest tenth of a percent.Amount financed: $1,400Finance charge: $260Number of monthly payments: 36
A. 12.0% B. 9.1% C. 18.6% D. 26.7%
Mathematics
Simplify the complex fraction.
A.
B.
C. 1
D. 1 - a2
Mathematics
Find an equation for the line with the given properties.Parallel to the line x = -7; containing the point (2, 9)
A. x = 9 B. y = -7 C. x = 2 D. y = 9
Mathematics