Question

Help! I'm so confused what I'm doing!! I will medal and fan. I will post the question below.

Answer 1

HI!!

Answer 2

i hope it is not geometry !

Answer 3

don't worry it's not!

Answer 4

That's the first half. Explain what I need to do then please help me do it?

Answer 5

I understood the lesson pretty well, so I don't think the actually doing it will be hard, I just am not sure what I'm doing and would like some help working on it

Answer 6

@thomaster @TheEdwardsFamily @shrutipande9 @Somy @.Sam. @goatgal102

Answer 7

@iambatman @phi @directrix @pooja195

Answer 8

@Kainui @thomaster @.Sam.

Answer 9

@undeadknight26 @k_lynn

Answer 10

im trying to tag as many people that can help you. @horsegirl27

Answer 11

:)

Answer 12

Thank you. It feels like no one is on

Answer 13

ikr

Answer 14

@133 @HaileyD @MinightTheWolfie will somone just help this girl
it's confusing for me 2

Answer 15

@SamsungFanBoy

Answer 16

@amorfide @shrutipande9 @Somy @sreekar369 @sjman1 @HaileyD @Catch.me

Answer 17

Did you look for any company??

Answer 18

@horsegirl27

Answer 19

I can not do it, please don't tag me again

Answer 20

@Catch.me I'm not really sure what I'm doing in the first step, so no and @amorfide sorry for tagging you again and thanks for telling me you can't help.

Answer 21

Why don't you stop tagging people and start showing your work. You CAN'T have no idea. What are your initial thoughts?

Answer 22

It says "research". Why don't you do that?

http://www.interest.com/cd-rates/news/2-year-cd-rates/

Think you can find information about 5-year rates?

Answer 23

Yeah let me look

Answer 24

@tkhunny https://www.depositaccounts.com/cd/5-year-cd-rates.html?gclid=Cj0KEQjwuI-oBRCEi87g0K3O8OoBEiQAb25WAaTmEpbezPC8OHzd1frOp2fUR9Ys2Mtbwic5Os48oOYaAm4y8P8HAQ is this what I need? Now I have a lot of information that I don't know what to do with and which parts to use

Answer 25

Then, do I find a company? See, idk what to do

Answer 26

omg why is no one helping!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 27

@phi can you please help me?

Answer 28

Calm down and think. What is needed? Stop the panic. Stop the tagging. You are right that no one is helping. You should count yourself in that list of non-helpers. Seriously, panic down and think.

Now you have a list of rates, 2-Year and 5-Year. What other requirements are stated?

Find one with a $5,000 minimum. There are no other restrictions. Just pick one.

Read the problem statement a couple more times. Calmly...

Answer 29

ok

Answer 30

So for 2 year and 5 year I found one each that have a minimum of 5000. What do I do next? Do I choose one? which one? Both because one is 2 year one is 5 year? See that's where I'm confused:choosing. Should I say here which ones I choose? ik I'm trying to be calm but just idk

Answer 31

Re-reading the problem statement, you can find any with a minimum as much as $5,000. So, you could pick one with no minimum or a $1,000 minimum, just not one with a $25,000 minimum.

Follow the instructions. Fill in the chart.
Write down the rate, both 2-, and 5-year
Write down the company names.
Make a few calculations, I guess assuming the 2-year rolls over twice.
Just add $50 each year for Mr. "Investor".

Answer 32

Investor
5000
5050
5100
5150
5200
5250

Done with that one.

Answer 33

Ok, thanks. I will do that and then could I post what I get here? Or should I continue if I understand?

Answer 34

Just show your work.

If I selected a 5-year rate of 2.17%, I would do this:

5000
5000*1.0217 = $5,108.50
5000*1.0217^2 = $5,219.35
5000*1.0217^3 = $5,332.61
5000*1.0217^4 = $5,448.33
5000*1.0217^5 = $5,566.56

That's all.

Re-read the problem statement. Make sure you know what it is asking. Take a couple deep breaths.

Answer 35

Thank you!

Answer 36

Oh, I actually understand now what I'm supposed to be doing. Thanks so much @tkhunny!!

Answer 37

@tkhunny here's an update on what I have:
2 year company name: synchrony bank, minimum is $2000, the rate is 1.35% so my work is this:
2000
2000*1.0135=2027
2000*1.0135^2=2054.40

I will do it the same way for the 5-year company. Am I doing it the way I need to be doing it, or have I made a mistake?

Answer 38

I'm not sure if I did the next part right. the minimum of the bank I chose was 500, and the rate was 2.27% and the final answer I got was 500*1.0227^5=572.10
Am I supposed to add that to 5000? Or am I right with the answer I have?

Answer 39

@sammixboo Do you know?

Answer 40

I did this for FLVS

Answer 41

Ok

Answer 42

Could you help me out with it?

Answer 43

So far, am I doing it right?

Answer 44

let me check

Answer 45

they want you to put in $5000 for each of the CD's

Answer 46

thanks. I'm just not sure about my work for the 5-year plan and questions 5-8

Answer 47

for the first one you have to find a company

Answer 48

I found companies and wrote down the information about them that I needed

Answer 49

You can see what tk helped me with and what I did

Answer 50

2 year company name: synchrony bank, minimum is $2000, the rate is 1.35% so my work is this: 2000 2000*1.0135=2027 2000*1.0135^2=2054.40
****

you have to put in 5000 (not 2000)
the reason they asked for a minimum of at least 5000 is so you can put in 5000

Answer 51

for the second one you have to make functions based on the companies you found

Answer 52

oh ok

Answer 53

so just put in 5000

Answer 54

yes. put in 5000 into each CD

Answer 55

ok

Answer 56

the third one is a linear function

Answer 57

that should be easy to make
they give you the y-intercept and the rate of change

Answer 58

so then it will be 5000*1.0135^2 and 5000*1.0227^5?

Answer 59

and then for 4, you just use the functions to find how much money in the years

Answer 60

And for the third it's what tk showed up there right^^^
5000
5050
5100....

Answer 61

Slow down @Mehek14 you're going a little too fast

Answer 62

Wait till I understand before explaining the next one please

Answer 63

\(\Large{f(x) = 5000(1.0135)^2}\)
\(\Large{f(x) = 5000(1.0227)^2}\)

Answer 64

Wait shouldn't the second be 5 not 2?

Answer 65

my bad let me fix it

Answer 66

Thanks

Answer 67

\(\Large{f(x) = 5000(1.0227)^5}\)

Answer 68

Ok. So those are for number 2

Answer 69

now make the function for the investor's plan

Answer 70

f(x)=50x+5000?

Answer 71

actually, the functions are
\(\Large{f(x) = 5000(1.0135)^x}\)
\(\Large{f(x) = 5000(1.0227)^x}\)
x = years

Answer 72

so here are your three functions:
\(\Large{f(x) = 5000(1.0135)^x}\)
\(\Large{f(x) = 5000(1.0227)^x}\)
\(\Large{f(x) = 50x + 5000}\)

Answer 73

ok

Answer 74

plug in the number of years for the table

Answer 75

that answers 1-3

Answer 76

yes for 4 you just substitute x with the number of years

Answer 77

ok so for the table... let me do that

Answer 78

you can do that on your own

Answer 79

Wait yeah so for 4 I'm just finding the amount for each year. I will do that later

Answer 80

so I'm done helping?

Answer 81

Can I post the next questions and have you explain those? I found those a little harder

Answer 82

If I know them

Answer 83

because this one I already did so I knew what to do

Answer 84

for 5 you use the functions to explain

Answer 85

ok but idk how to explain that very well

Answer 86

for 6, you use
\(\Large{f(b) - f(a)/ b - a}\)

Answer 87

for 5 just say that the investor's plan has a constant rate

Answer 88

Thank you

Answer 89

and the CD's are exponential functions because they are both multiplied by a ratio.

Answer 90

and ik how to do 6 I just hate having to do it

Answer 91

ok now 7