Find the total amount of an investment of $413.99 compounded at 4.25% for 8.5 years

Present Value = $413.99

Interest rate = 4.25%

Years = 8.5 years

Future value = P(1+I)^n

Future value = $413.99*(1+0.425)^8.5

Future value = $413.99*(1.0425)^8.5

Future value = $413.99*1.4244478

Future value = $589.707144722

Future value = $589.71

The total amount to be earned as a result of the investment for 8.5 years is $589.71.

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3

$12. that is my answer.