Homework #5 for MAT 1 xC it $1,000 ls Invested At A r iSOLUTION: ir $10,000 is >

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Homework #5 for MAT 1 xC it $1,000 ls Invested At A r iSOLUTION: ir $10,000 is > C Secure https://www.webassign net vet/sucent Assignment Responses/submito ep=1/341/43 0/3 1.1,1 013 2212 2.2/2 3.3/3 3.3/3 2.2.2 2.2.2 1.1/1 2.2:2 2.212 1.1,1 1.1/1 1.1/1 1.1/1 1.111 1.1/1 1.1/1 29.7/33 (90.0%) Points Assignment Submission For this assignment, you submit answers by question parts. The number of subrnissions rernaining for cach question part only changes if you submit or change the answer Assignment Scoring Your last submission is used for your score. 1. DV3 points I Previos Answers PreCalc? 41 057 MM My Notes Ask Your Tea If S 10,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 5 years 12189 (b) 10 years 14859 (C) 15 years $ 18113 Need Help?Read ItWatch ItMaster It 2. 1.11 pointa | Previous Answers SPreCalc? 4.1.065. My Notes Aak Your Suppose you are offered a job that lasts one month, and you are to be very well paid. Which of the following methods of payment is more profitable for you? one million dollars at the end of the month two cents on the first day of the month, 4 cents on the second day, 8 cents on the third day, and, in general, 2n cents on the nth day 122 AM 1015/2017 I lornework #5 for .. Practice Another Ve.

Explanation / Answer

Amount A with investment P ,rate r % compound semianualy n=2 after n year is

A =P(1+r/100*n)^(nt)------------1)

Given:A=10000 r =4% n= 2

1) t=5yrs

A=10000*(1+4/100)^2*8

=10000*1.22

= $12,200

Hence after 5 yrs amount A is $ 12200

2) t=10 yrs

A= 10000*(1+4/100*2)^10*2

= $14859.

Hence after 10 yrs Amount A is $14859

3) t=15

A=10000*(1+4/100*2)^2*15

= 18114

Hence after 15 yrs amount A=$18114

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