Mathematics
Mathematics, 24.07.2019 13:30, coollid876

If you can show your work so i can learn that would be great (all three questions go together). if you have any questions ask 1. you and your best friend want to take a vacation to peru. you have done some research and discovered that it will cost $2400 for the plane tickets, all-inclusive hotel and resort, and souvenirs. you have already saved $1750. if you invest this money in a savings account with a 2.3% interest rate compounded annually, how long will it take to earn enough money to go on the trip? use the compound interest formula a = p (1 + i)n, where a is the accumulated amount, p is the principal, i is the interest rate per year, and n is the number of years. round your final answer to the nearest tenth 2. you are planning to go on this trip in 2 years. how much money will you need to invest at a 2.3% interest rate compounded annually in order to have $2400 in 2 years? use the compound interest formula a = p (1 + i)n. (round final answer to the nearest cent, but otherwise don’t round any intermediate values) 3. now say you only have $1600 to invest and the highest interest rate you can find is 3.55% compounded annually. if you decide to wait 7 years to go on the trip, how much money will you have to spend on the trip? use the compound interest formula a = p (1 + i)n. (round final answer to the nearest cent, but otherwise don’t round any intermediate values)

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