Suppose an individual's retirement account with a balance of $165,000 is transferred to a new investment plan that pays 8% interest compounded annually. how much will the account be worth after 3 years? (remember, the formula is a = p(1 + r)t.) a. $207,852 b. $224,481 c. $209,017 d. $192,456 suppose your parents decide to invest $5,000 in gold. their financial advisor anticipates that the value of gold will increase 17% every year for the next 15 years. how much would their investment be worth after 15 years? (remember, the formula is a = p(1 + r)t.) a. $53,806 b. $61,652 c. $87,750 d. $52,694

Step-by-step explanation:

Remark

If this compounds, it means that the interest of the second year has the interest of the first year added to the principle. So if you gain 50 dollars as interest in the first year and the base amount was 1000 dollars, the second year will be taken as 1050 and you will find the interest on that.

Formula

Your formula should be A = P(1 + r)^t

Givens

Solution

A

Problem 2

Givens

Formula

A = P (1 + r)*t          This is not compounded

Solution

A = 5000*(1 + 0.17)*15

A = [5000*1.17]*15

A = 5850 * 15

A = $87750

Answer C

start with a line segment pq that we will copy. mark a point r that will be one endpoint of the new line segment. set the compasses' point on the point p of the line segment to be copied. adjust the compasses' width to the point q. the compasses' width is now equal to the length of the line segment pq.

step-by-step explanation:

chicken nugget stir fry

step-by-step explanation: