Jimmy Hooks returned from his vacation on Capri with a pile of cash from his long lost uncle. Jimmy wants to use compound interest to his advantage. He decides to squirrel away all $100,000 into an account that will pay him
5.5% and compound the interest quarterly. How much will Jimmy have at the end of 15 years when he plans to
retire and sell watches on the street? Show all your work on paper! (5pts)

step-by-step explanation:

the original amount doesn't ''re just looking for the time it takes for 1/2 of the substance to we have

(1/2) =)     take the ln   of both sides

ln (1/2)   = )   and we can write

ln(1/2) = ) lne     and lne   = 1     so we have

ln(1/2) = -.1092t     divide both sides by -.1092

t = ln(1/2)/-.1092 = about 6.347 days = about 6.3 days (rounded)

a.) list the factors of 40.

1/2/4/5/8/10/20/40

b.) list the factors of 40 that represent the number of cans that could be on each shelf.

5

c.) how many different arrangements of cans are possible?

just one because if you put more on one shelf you will go way over 40 and the cabinet will probably break.

d.) what are the possible arrangements of the cans?

put 5 cans on each self to reach 40 cans in total.

e.) which arrangement uses all the shelves?

5 because you can put 5 cans on each shelf, and since there are 8 shelfs you are equally going to get 40 cans.