Question

Determine the value of an investment of $2500 if it is invested at an interest rate of 5.25%, compounded monthly for 4 years.

Answer 1

1000

Step-by-step explanation: no

Part of a cheerleading routine is throwing a flyer straight up and catching her on the way down. The flyer begins this move with her center of gravity 4 feet above the ground. She is thrown with an initial vertical velocity of 30 feet per second.

Will the flyer’s center of gravity ever reach 20 feet? In two or more complete sentences, explain how you found your answer.

For the flyer to have her center of gravity reach 25 feet, what does the initial velocity need to be? In two or more complete sentences, explain how you found your answer.

Answer 2

P = $2500

i = 5.25%

n = 4 years

S = ?

Solve:

S = P(1 + i)ⁿ

S = 2500(1 + 5.25%)⁴

S = 2500(1 + 0.0525)⁴

S = 2500 × 1.0525⁴

S = 2500 × 1.2271239094

S = 3067.8097735

S = approx. $3067.81