You have an account with $ 7007.08 . you transfer this amount into an account paying 9 % annual interest compounded monthly. how much money will be in the account after 6 years? (also called future value).

Around $12,000 [or $11,999]

Step-by-step explanation:

This can be solve using the formula:

Here

F is future amount [what we want to find]

P is the present amount [7007.08]

r is the rate of interest, monthly, since compounding is monthly [9/12 = 0.75% = 0.0075]

t is the number of compoundings [compounded monthly for 6 years, 6 * 12 = 72)

Now substituting, we get:

So amount will be around $12,000

it is true

step-by-step explanation:

all the combinations add up i used   calculator

answer:   x = 3 + √11     and     x = 3 - √11

step-by-step explanation:

x² - 6x + 9 = 11

(x - 3)² = 11

x - 3 = ±√11

    x = 3 ± √11

x = 3 + √11     and     x = 3 - √11