After 6 years, what is the total amount of a compound interest investment of $35,000 at 4% interest, compounded quarterly? $37,153.21 $39,438.88 $44,440.71 $56,295.30

The given rate of interest is 4% compounded quarterly. This is a nominal rate of interest. To make it an effective rate of interest,

 = , where m is the number of periods in a year. There are 4 quarters in a year, so m =4. So,

 = = 0.0406

The working equation is

, where n=6, P = $35000,

F = $44,440.71

x ≥ 18 is your answer

step-by-step explanation:

let "a number" = x

(2/3)x + 17 ≥ 29

isolate the variable (x). do the opposite of pemdas (parenthesis, exponent (& root), multiplication, division, addition, subtraction).

first, subtract 17 from both sides.

(2/3)x + 17 (-17) ≥ 29 (-17)

(2/3)x ≥ 29 - 17

(2/3)x ≥ 12

next, multiply 3/2 to both sides to isolate the x

(3/2)(2/3)x ≥ 12(3/2)

x ≥ 12(3/2)

simplify. multiply, then divide

x ≥ (12 * 3)/2

x ≥ (36)/2

x ≥ 18

x ≥ 18 is your answer

~