anonymous
  • anonymous
To compare investments, analysts convert monthly, quarterly, semiannual rates to annual rates. If an investment of $100,000 is invested at 4.5% twice a year, compounded semiannually, the growth can be modeled by the equation A(t) = 100,000(1.045)2t. What is the equivalent annual growth rate for this investment (rounded to the nearest hundredth of a percent) and what is it worth (rounded to the nearest thousand dollar) after 15 years?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
@563blackghost
563blackghost
  • 563blackghost
I believe t represents years so we would input 15 where t is and get the equation.... \[100,000(1.045)2(15)\] now all we do now is use PEMDAS to solve the problem \[100,000(1.045)2(15)\] \[100,000(1.045)(30)\] \[100,000(31.35)\] Are you able to get the last simplification?
anonymous
  • anonymous
No I tried but man I just don't get it

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More answers

563blackghost
  • 563blackghost
Well for this problem it shows the equation to find the annual growth rate so in this one we would simply input the years where t is to find out what the annualgrowth is in 15 years.... but the product is $3,135,000
anonymous
  • anonymous
O to simplefy that number how would we get the answer?
563blackghost
  • 563blackghost
We would multiply...|dw:1449170919693:dw|
anonymous
  • anonymous
So 15.01% and 195,000
563blackghost
  • 563blackghost
??? do you have answer choices for this question?
anonymous
  • anonymous
Yes I'm sorry I forgot to post them one sec
anonymous
  • anonymous
A. 2.23% and 139,000$
anonymous
  • anonymous
b. 15.01 and 194,000
anonymous
  • anonymous
C. 9.21% and 375000
anonymous
  • anonymous
D. 9.01% and $364,000
anonymous
  • anonymous
That's it
anonymous
  • anonymous
Its hard huh😂😂😂
563blackghost
  • 563blackghost
sorry I am bit suck I guess I was going the wrong way.... yea it is xD
563blackghost
  • 563blackghost
stuck*
563blackghost
  • 563blackghost
sorry but i have no answer plz forgive me but i must go I tried but I failed....

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